Truist Financial Increases PT on Amazon.com Stock to $250, Keeps Buy Rating

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 Best Stocks to Invest in for Good Returns. On July 2, Truist Financial increased the price target on Amazon.com, Inc. (NASDAQ:AMZN) stock from $226 to $250, keeping its Buy rating on the shares.

Youssef Squali from Truist raised the price target on AMZN as he expects the e-commerce giant to report stronger-than-expected Q2 2025 results. The company expects mixed results during the second quarter, with revenue expected between $159 billion and $164 billion, indicating 7-11% growth from a year ago. Squali sees resilient North American consumer demand despite the macro or tariffs and favourable FX on a weakening U.S. Dollar. The company’s operating income guidance of around $13 billion to $17.5 billion fell short of the market expectation of $17.7 billion.

Truist Financial Increases PT on Amazon.com Stock to $250, Keeps Buy Rating

Jeff Bezos of Amazon

However, Squali anticipates that higher order frequency and average selling price have added to Amazon’s growth and sees this to be a key growth factor ahead. Amazon.com’s solid progress across e-commerce, advertising, cloud, and logistics remains the backbone of the business.

Amazon.com, Inc. (NASDAQ:AMZN) is a diversified company with operations in e-commerce, advertising, cloud, and logistics, among others.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.