Amazon.com Inc. (NASDAQ:AMZN) is one of the 10 Best Major Stocks to Buy According to Wall Street Analysts. Mark Kelley from Stifel Nicolaus cut the firm’s price target on Amazon.com Inc. (NASDAQ:AMZN) from $300 to $294 on April 13. However, he reiterated a Buy rating on the shares. The firm’s adjusted price target suggests an additional 17.4% upside from the current levels. The firm also updated its estimates across its internet coverage to take into account the potential risks from the Iran conflict, which could impact growth in the sector.
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Earlier, on April 9, William Blair also maintained its Outperform rating on Amazon.com Inc.. The firm also added the stock to its Conviction List following the release of CEO Andy Jassy’s 2025 shareholder letter. William Blair described the letter as the most impactful to date, highlighting a stronger defense of its AI strategy compared to the 2024 version. According to the firm, the letter also provided clearer support and more evidence backing the company’s long-term business direction. The investment firm continues to expect 2026 to be the peak capex for Amazon.com Inc.. At the same time, it believes the company will continue to invest heavily in future opportunities while still generating some short-term returns.
Amazon.com Inc. operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.
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