Top Wall Street analysts like these 3 stocks for their growth prospects [Video]

A hotter-than-expected consumer inflation reading spooked investors last week, but investors may want to adopt a long-term mindset as they seek buying opportunities.

Top Wall Street analysts are calling out their favorite stocks with a focus on their long-term growth prospects.

To that end, here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.

Amazon

This week’s first pick is e-commerce and cloud computing giant Amazon (AMZN). Ahead of the company’s quarterly results, several analysts have been reaffirming their bullish views on the stock.

Mizuho analyst James Lee reiterated a buy rating on AMZN stock with a price target of $230. The analyst is incrementally optimistic that the revenue of Amazon’s cloud computing unit, Amazon Web Services (AWS), will accelerate in 2024. He stated that AMZN remains his firm’s top pick.

Based on Mizuho’s recently completed quarterly AWS customer survey with a leading channel partner, the analyst made …