'I want to be rich but have to be patient. I want to be rich but have to be patient. I want to be rich but have to be patient.'
Since recently, the market has been in a state of uncertainty following the ongoing war tensions in Ukraine mixed with worrying inflation and rising fuel prices.
Following that, all 3 major Wall Street indexes are seen to be in a downward trend.
This indirectly causes investors' sentiments to become restless and cautious in looking for companies that have strong principles to buy shares and carry out investments.
However, according to Tipranks who are the best tracker of analysts, they have listed several companies on Wall Street that show long-term prospects that deserve attention.
Below is a summary of the companies listed by Tipranks.
Riot Blockchain
The Bitcoin mining company that underpins the Bitcoin blockchain.
It has built the infrastructure and built-in capacity behind Bitcoin's price volatility.
Darren Aftahi of Roth Capital Partners said the rate of use of Riot's machinery is getting faster, and the purchase of new land is contributing to the company's future growth prospects.
Aftahi also assessed Riot's shares as a 'buy' with a price fixing at US$46.
Cloudflare
The cybersecurity company has benefited from amassing more new customers than the tensions of the Russo-Ukrainian war.
Shaul Eyal of Cowen Inc said the company is ready to take over the network, safety and communications market based on a TipRank report titled Estimated Monthly Visits.
Eyal rates Cloudflare's stock as a 'buy' with a target price of $250, based on its 20203 (FY23) financial year earnings forecast which includes cyber safety.
Cloudflare, where half of its revenue comes from large enterprise customers, is also seen as willing to take on a name like Amazon Web Services (AWS).
Nike
The company has overcome Wall Street's consensus budget on share yields and earnings.
He is also seen shifting his wholesale business to adapt to new user trends.
Robert Drbul of Guggenheim reported that Nike was experiencing demand over its supplies and inventories as it developed a partnership into the Chinese market, which would lead to a new chapter for the company.
Drbul rates Nike stock as a 'buy' with a target price of $195.
Adobe
Adobe remains an industry giant despite mixed annual earnings reports.
Brian Schwartz of Oppenheimer said the company's good performance may increase over the years, in part due to rising digital media prices.
Additionally, Adobe is experiencing strong demand and promising annual repeat yield metrics.
Schwartz rated the company's stock as a 'buy' with a target price of $560.
Nvidia
Nvidia has been a major contributor to the metaverse and overall transformation of cloud computing.
With its share price dropping, it is seen as a concern for investors because of its low price from the highest level.
Vijay Rakesh of Mizuho Securities said Nvidia's new suite of portfolios, which include innovative products from its pipeline, will support the company's move towards providing Data Center stacks.
Rakesh rates the stock as a 'buy' and set the price target at $345.
