Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Investors are Watching. On June 26, Redburn reiterated the stock as “Buy” with a price target of $245. The firm said Amazon is “resilient,” backed by its Amazon Web Services offering.
Analysts believe that despite underperformance, AWS’s growth will witness a rebound. This rebound is poised to be a major catalyst for the stock.
“Amazon shares have underperformed year-to-date, held back by weak AWS performance and tariff-related ecommerce concerns. However, our analysis indicates that AWS growth should comfortably exceed lowered expectations, enabling AWS to deliver its own Azure moment — a surprise reacceleration that resets expectations higher.”
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks in the Spotlight and 10 AI Stocks Investors are Watching.
Disclosure: None.
