10 AI Stocks Analysts Are Tracking Closely

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Analysts Are Tracking Closely. On July 21, Baird analyst Colin Sebastian maintained an “Outperform” on the stock and raised the price target from $220.00 to a new target of $244.00.

The rating affirmation follows the firm updating its model. It now believes “Amazon Space Platform” is another big long-term bet for the company.

In other news, Wells Fargo reiterated Amazon, Alphabet, and Expedia as “Equal Weight,” optimistic that all three stocks are the “best tactical longs” ahead of earnings.

“See investors positioned much more aggressively in the SMidCaps and higher beta names, in stark contrast to last quarter where ‘defense’ was the mantra. Expect high volatility given positioning. See AMZN , GOOG and EXPE as best tactical longs.”

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Getting Wall Street’s Attention and 10 AI Stocks on Wall Street’s Radar

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