Cantor Fitzgerald Reduces PT on Amazon.com (AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 8, Cantor Fitzgerald reduced the price objective on the company’s stock to $260 from $315, while keeping an “Overweight” rating. As per the analyst, although there are lingering macro-economic concerns, the outlook for global internet stocks into 2026 remains favourable as AI enters a Synergy phase.

Cantor Fitzgerald Reduces PT on Amazon.com (AMZN) Stock

The analyst believes that this can fuel accelerating revenue growth, improvement in value capture, and clearer long-term returns on capex. The firm added that the group remains well-positioned to outperform in 2026 amidst favourable estimate revisions and improvement in sentiments.

In a different update, on January 5, Jefferies increased its price objective on Amazon.com, Inc. (NASDAQ:AMZN)’s stock to $300.00 from $275.00 while maintaining a “Buy” rating. As per the firm, the potential for negative sentiment is expected to reverse, considering the accelerating AWS growth and improvement in AI capabilities.

Also, the firm believes that Amazon.com, Inc. (NASDAQ:AMZN)’s robust market position in cloud computing and the shift in AI from model training to running AI applications in production places AWS to be a critical provider of AI development as well as inferencing solutions for enterprises.

While we acknowledge the potential of AMZN to grow, 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.

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Disclosure: None. This article is originally published at Insider Monkey.