Truist is Bullish on Amazon.com, Inc. (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Performing Dow Stocks So Far in 2026.

On April 17, 2026, Truist lifted its target price for Amazon.com, Inc. (NASDAQ:AMZN) to $285 from $280. The analysts kept their Buy rating before Q1 earnings. Truist expects its AWS business to grow faster than the expansion in e-commerce and digital advertising. The firm predicts AWS revenue will grow 25% in Q1 from 23% in Q4. It noted growing AI workload adoption through partnerships with OpenAI and Anthropic.

Separately, on April 20, 2026, Reuters reported that California Attorney General Rob Bonta claimed Amazon.com, Inc. (NASDAQ:AMZN) engaged in anticompetitive conduct that increased consumer prices. The lawsuit says that the firm worked with sellers, including Levi Strauss, to set prices at Home Depot, Walmart, and Chewy. This was to avoid undercutting, with the alleged coordination affecting products such as clothes, fertilizer, eye drops, and pet treats. Bonta believes the firm dodged lower-price matching and seeks an injunction and damages. The trial is set for January 19, 2027. Amazon.com, Inc. (NASDAQ:AMZN) denied wrongdoing and argued that such arrangements benefit customers.

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology firm that provides online buying services. It operates in three segments: North America, International, and Amazon Web Services.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.