Stifel Called Amazon (AMZN) a Buy Before Earnings With a $262 Price Target

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Investors Should Keep an Eye On. On July 30, Stifel analyst Mark Kelly raised the price target on the stock to $262.00 (from $245.00) while maintaining a “Buy” rating.

“Third-party data suggests a better 2Q than expected, as the Trump administration has either struck more favorable deals, or pushed out tariff implementation while waiting for deals to be struck. The e-commerce group, in particular, has been volatile throughout these announcements/implementation delays, and we largely believe a lot of the upside to numbers is baked into most of our coverage.

Stifel Called Amazon (AMZN) a Buy Before Earnings With a $262 Price Target

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“We were too conservative in our models following liberation day, and raise some estimates. Despite our view that a lot of the good news is priced in, we favor AMZN in e-comm, and believe LIF estimates will continue to work higher from here.”

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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