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. is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

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