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Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Investors Are Watching This WeekOn July 8, Analyst John Blackledge from TD Cowen reiterated a “Buy” rating on the stock and increased the price target to $250.00 from $240.00.

Blackledge is optimistic about Amazon’s performance in the upcoming quarters, anticipating its second-quarter results to surpass market expectations.

The three factors that are behind this optimism are the continued growth in Amazon Web Services (AWS), advertising, and the e-commerce segments. The analyst also expects strong guidance for the third quarter of 2025.

TD Cowen Remains Bullish on Amazon (AMZN) With $250 Target on AI and Retail Tailwinds

With AI capacity constraints expected to ease due to investments in generative AI infrastructure, it is quite likely that AWS will experience a boost in year-over-year revenue growth. Amazon’s eCommerce business is also likely to sustain momentum due to factors such as record delivery speeds, strength in everyday essentials, rural market expansion, and an extended Prime Day event.

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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