AI stocks have delivered huge returns for investors in recent years. With Big Tech companies like Amazon, Alphabet, and Microsoft spending hundreds of billions of dollars on AI infrastructure in an effort to get an edge in the AI arms race, businesses that make chips, networking equipment, and other data centre equipment have seen their revenues – and their share prices – soar.
Interested to know what AI stocks are tipped to do well in 2026? Here are five names that Wall Street analysts are very bullish on right now.
Nvidia
AI chip stock Nvidia (NVDA:NASDAQ) has generated enormous gains since the launch of ChatGPT back in 2022. However, there could be more gains to come, if analysts are right.
Recently, several Wall Street firms have increased their price targets for the chip designer to $300 or higher. That implies upside of 33% or more from here.
| Firm | NVDA price target |
| Cantor Fitzgerald | $350 |
| DA Davidson | $300 |
| KeyBank | $300 |
| BofA Securities | $320 |
| Wells Fargo | $315 |
It’s easy to see why analysts are bullish on this name. For a start, in March the company told investors that it’s expecting $1 trillion in cumulative revenue through 2027 between its Blackwell and Rubin GPUs (note that analysts expect 70% revenue growth this financial year).
Secondly, the stock has lagged many other chip names this year and actually looks quite cheap at present. At present, the forward-looking P/E ratio is in the low 20s.
Ultimately, this AI stock offers a lot of growth potential at a very low valuation today. So, it could be worth a look.
AMD
While Nvidia has dominated the AI chip market in recent years, competitors are now beginning to gain market share. One such competitor is AMD (AMD:NASDAQ).
It’s having success with its Instinct GPUs, which are designed to rival Nvidia’s Blackwell chips. It’s also having a lot of success on the CPU side as agentic AI relies heavily on CPUs for the coordination of agents.
This success was illustrated in the company’s Q1 earnings. For the quarter, revenue was $10.25 billion, up 38% year on year, while Data Centre revenue was $5.8 billion, up 57%.
Since the earnings, Wall Street analysts have been aggressively raising their price targets. Many have gone to $500 or above.
It’s worth pointing out, however, that this stock is a little expensive right now. With analysts expecting earnings per share of $7.34 for 2026, the P/E ratio is near 60.
| Firm | AMD price target |
| Evercore ISI | $579 |
| Baird | $625 |
| Wells Fargo | $505 |
| BofA Securities | $500 |
| Mizuho | $515 |
Broadcom
Another chip company that’s having success at present is Broadcom (AVGO:NASDAQ). It makes custom chips (called ‘XPUs’) for Big Tech companies such as Alphabet and Meta.
It’s also seeing prolific growth today. In Q1 of its fiscal 2026 (the quarter ended 1 February 2026), for example, revenue was up 29% year over year to a record $19.3 billion while AI revenue was up 106% year over year to $8.4 billion.
Since its Q1 earnings, analysts have been increasing their price targets for the stock. Many firms have gone to $500 or higher.
In terms of the valuation, the P/E ratio is in the high 30s using this financial year’s earnings forecast, however, it falls to 24 using next year’s forecast. So, the stock doesn’t look particularly expensive.
| Firm | AVGO price target |
| TD Cowen | $500 |
| Wolfe Research | $500 |
| Citi | $500 |
| Bernstein SocGen | $525 |
| Jefferies | $500 |
Arista Networks
A leading provider of cloud networking solutions, Arista Networks (ANET:NYSE) is a more under-the-radar AI stock. However, it has performed as well as, if not better than, many more well-known stocks in recent years – over five years, it’s up about 570%.
As AI companies like Alphabet and Microsoft build data centres, Arista is seeing high demand for its networking solutions. As a result, its revenues are soaring – in Q1 its revenue was up 35% year on year to $2.7 billion.
On the back of this strong growth in Q1, Wall Street analysts have been increasing their price targets for the stock. Many have gone to $200.
However, the company’s share price has actually pulled back recently – since late April it has fallen from near $180 to $140. So, there could be an opportunity here to capitalise on.
| Firm | ANET price target |
| Argus | $200 |
| Rosenblatt | $210 |
| TD Cowen | $200 |
| Evercore ISI | $200 |
| Barclays | $195 |
Palantir
Finally, Palantir (PLTR:NASDAQ) is worth highlighting. It offers powerful AI-based software solutions that enable organisations to get more out of their data.
It currently trades for around $140. However, many analysts have price targets of $200 or higher.
| Firm | PLTR price target |
| Piper Sandler | $230 |
| Rosenblatt | $225 |
| Truist | $223 |
| Loop Capital | $220 |
| Argus | $190 |
It’s not hard to see why firms are bullish here. Unlike most other software companies, Palantir is already making a ton of money from AI.
And its growth is phenomenal. This year, its revenue is projected to amount to around $11.6 billion compared to $2.3 billion in 2020.
One other thing to note about Palantir is that it has a very high ‘rule of 40’ score (revenue growth plus operating margin). In Q1 of 2026, it was 145, which is basically unheard of.
Given this combination of growth and profitability, this AI stock could be worth a look today. Competition from Anthropic is a risk, however, the high level of growth suggests that the company has some very good AI technology.
Edward Sheldon has positions in Alphabet, Amazon, Microsoft, Nvidia, Broadcom, Arista Networks, and Palantir.
Based in London, Edward is a distinguished investment writer with an extensive client portfolio comprising a diverse array of prominent financial services firms across the globe. With over 15 years of hands-on experience in private wealth management and institutional asset management, both in the UK and Australia, he possesses a profound understanding of the finance industry.
Before establishing himself as a writer, Edward earned a Commerce degree from the prestigious University of Melbourne. Complementing his academic background, he holds the esteemed Investment Management Certificate (IMC) and is a proud holder of the Chartered Financial Analyst (CFA) qualification.
Widely recognised as a sought-after investment expert, Edward’s insightful perspectives and analyses have been featured on sites such as BlackRock, Credit Suisse, WisdomTree, Motley Fool, eToro, and CMC Markets, among others.
