Oppenheimer Trims Amazon (AMZN) Price Target to $245 — AI Growth Still a Bright Spot

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Making Waves on Wall Street. On August 1, Oppenheimer analyst Jason Helfstein lowered the price target on the stock to $245.00 (from $250.00) while maintaining an “Outperform” rating.

The rating affirmation comes amid frustrated investors over a lack of positive second half 2025 AWS commentary. This is because capacity issues are anticipated to persist until at least year-end.

Oppenheimer Trims Amazon (AMZN) Price Target to $245 — AI Growth Still a Bright Spot

Nevertheless, CEO Jassy has reiterated that artificial intelligence is the “the biggest technology transformation for a lifetime.” This is already evident considering AWS AI revenue is continuing to grow triple-digits year-over-year and its usage is still early within AWS.

The firm doesn’t see any consumer weakness despite tariff impacts remaining.

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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Disclosure: None.