Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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

Number of Hedge Fund Holders: 339   

Tigress Financial recently raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $305 from $290 and kept a Buy rating on the shares following the Q1 report. Amazon operates as a technology conglomerate with core interests in the ecommerce business. In an investor note, the analyst noted that Amazon remains well positioned to weather any economic and consumer spending environment given its robust e-commerce and fulfillment capabilities. The company continued to lean into artificial intelligence integration and innovation to drive revenue, cash flow growth and increasing shareholder value, the analyst added.

While we acknowledge the potential of AMZN, 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.

READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires.

Disclosure: None.

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