DA Davidson and Citigroup Raise PT on Amazon.com, Inc. (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is included in our list of the 14 Best Warren Buffett Stocks to Invest in.

DA Davidson and Citigroup Raise PT on Amazon.com, Inc. (AMZN)

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Following the company’s Q2 earnings release on August 1, 2025, DA Davidson increased its price target on Amazon.com, Inc. (NASDAQ:AMZN) from $230 to $265, maintaining a ‘Buy’ rating. This price revision reflects growing retail revenue and growth stabilization in Amazon Web Services (AWS).

While the company’s Q2 revenue and profit beat expectations, the analyst noted investor sentiment was affected by higher Capex guidance for the second half of 2025. Meanwhile, Amazon.com, Inc. (NASDAQ:AMZN) highlighted growing demand for AWS compute capacity, which continues to exceed supply.

On the same day, Citigroup also reiterated its ‘Buy’ rating on Amazon.com, Inc. (NASDAQ:AMZN), raising its price target from $265 to $270.

With its North America, International, and Amazon Web Services (AWS) segments, Amazon.com, Inc. (NASDAQ:AMZN) operates online and physical stores in North America and the rest of the world, offering consumer products, advertising, and subscription services. It is included in our list of the best Warren Buffett stocks.

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.