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.

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Disclosure: None.