JMP Securities Keeps Market Outperform Rating for Amazon (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 18, JMP Securities reaffirmed its Market Outperform rating for Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $285.

This decision came after insights from an Amazon Video fireside chat, which showed that over 200 million Prime members stream Prime Video around the world. In the US alone, more than 80 million users are logged in to the streaming service.

JMP Securities Keeps Market Outperform Rating for Amazon (AMZN)

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JMP Securities pointed out that 80% of Prime Video users shop with Amazon.com, Inc. (NASDAQ:AMZN) at least once a month. This shows a strong link between the streaming service and the company’s core e-commerce business.

The research firm characterized the discussion as having “lots of softball questions” but noted it shared important numbers about Amazon.com, Inc.’s (NASDAQ:AMZN) streaming service.

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company that specializes in e-commerce, cloud computing, digital streaming, and artificial intelligence solutions.

While we acknowledge the potential of AMZN as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.