Goldman Sachs Lifts PT on Amazon.com (AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Long Term Growth Stocks to Buy Now. On October 3, Goldman Sachs lifted the price objective on the company’s stock to $275.00 from $240.00, while maintaining a “Buy” rating. The firm identified Amazon.com, Inc. (NASDAQ:AMZN) as the preferred name among the large-cap coverage, noting the potential growth pathways for its cloud computing and advertising segments. The analysis by the firm considered numerous factors aiding AWS growth, such as the current competitive environment, revenue backlog, AI services contribution, ease of capacity constraints, custom silicon positioning, and capital expenditure return profiles.

Goldman Sachs Lifts PT on Amazon.com (AMZN) Stock

Elsewhere, the National Basketball Association (NBA) and AWS announced a multi-year partnership to power the league’s next generation of innovation, as AWS would be the Official Cloud and Cloud AI Partner of the NBA and its affiliate leagues, including WNBA, NBA G League, Basketball Africa League, and NBA Take-Two Media. Also, Murex and Amazon.com, Inc. (NASDAQ:AMZN)’s AWS announced a multi-year strategic collaboration agreement, expanding the long partnership.

Mairs & Power, an investment advisor, released its Q2 2025 investor letter. Here is what the fund said:

“The Fund also started a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, where the company is well positioned to continue capturing market share in retail while also growing its market leading cloud business. The Fund took advantage of weakness in the stock during April to start the position as tariff news and a precipitous market decline provided an opportunity to build a position.”

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.