Amazon’s (AMZN) Fresh Grocery Push Seen as Key Growth Driver by Analysts

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks on Wall Street. On September 10, Morgan Stanley analyst Brian Nowak reiterated an Overweight rating on the stock with a $300.00 price target. According to the analysts, Amazon’s push into the fresh grocery market will unlock sustained faster growth.

“We see AMZN’s push into the ~$600bn fresh grocery market unlocking durably faster growth (every 1% share capture is ~120bp upside to US GMV). With the logistics network built, higher fresh merch margins and min $25 baskets, we detail why fresh will also likely be profitable and EBIT dollar upside.”

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Amazon.com Inc. (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 risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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