Jefferies Lifts Amazon (AMZN) Price Target to $265, Sees Revenue and Margin Upside

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks in Focus This WeekJefferies reiterated the stock as “Buy” and raised its price target on Amazon to $265 per share from $255. The firm is confident that Amazon’s revenues will stay strong and that profit margins will improve in the second quarter.

“We see resilient revs and potential margin upside in Q2.”

In other news, BofA Securities analysts removed Amazon (AMZN) from its prestigious US 1 List on the same day. The US 1 List pinpoints the firm’s top investment ideas.

Despite being removed from the list, the financial institution has confirmed that the company will maintain its “Buy” rating. The rating affirmation signifies that Amazon is still a strong contender in the market.

Jefferies Lifts Amazon (AMZN) Price Target to $265, Sees Revenue and Margin Upside

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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