David Tepper Stock Portfolio: Top 10 Long-Term Stock Picks

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

Percentage of Portfolio Holding: 9.19%

Portfolio Holding Value: $592.35 Million

Number of Hedge Fund Holders: 335

Amazon.com, Inc. (NASDAQ:AMZN) is one of the top 10 long-term stocks to invest in according to David Tepper. On September 29, Mizuho Securities reiterated the Buy rating on Amazon.com, Inc. (NASDAQ:AMZN), keeping the price target at $300.

Lloyd Walmsley from Mizuho remains bullish on AMZN as he sees potential in Amazon’s cloud business. AWS is expected to benefit from both added capacity and rising inference demand in 2026.

“We see AWS revenue growth accelerating as more capacity comes online, particularly the Project Rainier EC2 UltraCluster, and Anthropic sees rapid growth in its business,” Walmsley added.

The analyst believes that Amazon Cloud Service’s ecosystem gives it a solid foundation to keep accelerating at pace in the GenAI era. Moreover, the improving supply along with cost efficiency from ASICs should help revenue growth in the second half of 2025 and 2026, as per the analyst.

On September 24, Wells Fargo also upgraded Amazon.com, Inc. (NASDAQ:AMZN) from Equal Weight to Overweight, raising the price target from $245 to $280. Ken Gawrelski from Wells Fargo sees Amazon’s cloud market and Anthropic’s contribution analysis. Gawrelski believes that AWS will see revenue acceleration, expecting sales growth of 22% in 2026. This indicates four points above consensus, with its share losses peaking in 2025.

Amazon.com, Inc. (NASDAQ:AMZN) offers a range of products and services to customers. The company engages in retail sales of consumer products, advertising, and subscription services through online and physical stores.