5 Best FAANG+ Stocks to Invest in Right Now

3. Amazon.com Inc. (NASDAQ:AMZN)

Amazon.com Inc. (NASDAQ:AMZN) ranks among the best FAANG+ stocks to invest in right now. Wolfe Research raised its target for Amazon.com Inc. (NASDAQ:AMZN) to $255 from $250 on March 10, retaining an Outperform rating on the company’s shares. The firm cited undervalued growth in AWS, which is driven by AI demand and increasing data center capacity. Over the next three years, the firm expects annual revenue growth of approximately 30%, which is higher than Wall Street’s forecast of about 25%.

Wolfe bases its forecasts on several factors, including increased demand for AI computing and collaboration with major corporations. According to the firm, Anthropic may produce approximately $15.2 billion in AWS-related revenue by 2026 through cloud computing utilization, exposure to Amazon’s Trainium chips, and revenue-sharing relationships.

Wolfe added that AWS might profit from increased data center capacity and consistent growth in conventional cloud services. The firm anticipates that Amazon.com, Inc. (NASDAQ:AMZN) would add approximately 6 gigawatts of computing capacity per year in 2026 and 2027, generating additional revenue from both AI and basic cloud services.

Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company has three segments: North America, International, and Amazon Web Services (AWS).