Here’s What the Street Thinks About Amazon.com (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is one of the best major stocks to invest in right now. Wolfe Research lowered the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $275 from $305 on January 5 and maintained an Outperform rating on the shares.

Amazon.com, Inc. (AMZN) Is "An Overall Piece," Says Jim Cramer

Amazon.com, Inc. (NASDAQ:AMZN) also received a rating update from Evercore ISI on January 4, with the firm assigning the stock a Buy rating with a price target of $335. The rating update was based on a “deep-dive analysis” of the company’s AI-powered shopping assistant Rufus, as the firm expects agentic commerce and Rufus to boost the company’s sales. While the firm acknowledged that agentic commerce isn’t completely ready at present, it also stated that it is “coming very soon”, and one of the earliest places it is expected to materialize is at Amazon.

Evercore anticipates agentic commerce to expand Amazon.com, Inc.’s (NASDAQ:AMZN) advertising revenue by as much as $4 billion or 3.0% by 2028, and also stated that it could result in a considerable increase in the company’s total addressable market (TAM). In this backdrop, Amazon.com, Inc.’s (NASDAQ:AMZN) retail GMV is projected to grow by $56 billion or 4.4% by 2028 because of Rufus and agentic commerce.

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology company that provides online retail shopping services. It operates through the North America, International, and Amazon Web Services (AWS) segments. Its AWS segment covers global sales of storage, computers, databases, and other services for government agencies, academic institutions, startups, and 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.