Top Wall Street analysts are confident about these 3 stocks for the long haul
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- TD Cowen's John Blackledge reiterated a buy on Amazon (AMZN) with a price target cut to $340 from $350, projecting Q2 revenue of $200.1B (2% above consensus) and AWS revenue growth of 35.5% YoY on rising generative AI workloads.
- RBC Capital's Srini Pajjuri reiterated a buy on Marvell Technology (MRVL) with a $360 target, forecasting sustained 40%+ growth for three years driven by AI demand, optical connectivity leadership, and a custom silicon pipeline targeting more than $10B in 2028 revenue from existing programs with Amazon's AWS and Microsoft.
- Wells Fargo's Aaron Rakers raised his AMD price target to $615 from $505, lifting his server CPU revenue estimates to $16.0B (2026), $20.5B (2027), and $25.0B (2028) and projecting EPS of $7.15, $13.40, and $18.75 across those years.
- AMD is slated to report Q2 earnings on Aug. 4, with Rakers expecting management to reaffirm confidence in the MI450 series and Helios ramp beginning in Q3 2026.
- Marvell's optical product lead times have stretched past six months, with XPU customers now placing purchase orders 12 months in advance, a signal Pajjuri said reinforces revenue visibility.
- Amazon's Q2 results are expected to capture the timing shift of Prime Day from Q3 last year to Q2 in the U.S. and other key markets this year.
- Rakers' data center GPU estimates for AMD sit at $15.6B, $40.6B, and $63.0B for 2026-2028, well above Street consensus, even as his client and gaming estimates remain below it.
Why it matters: All three picks pivot on the same bet: AI infrastructure spending keeps accelerating, with each analyst pointing to specific second-order evidence — AWS growth re-accelerating to 35.5%, Marvell's optical backlog stretching past six months, and AMD's server CPU TAM pegged at $120B by 2030 — that suggests the demand pull is still outrunning supply, not the other way around.
