Truist Reiterates Buy on Amazon.com (AMZN) as Q2 Revenue Tracks Ahead

We recently published a list of 10 AI Stocks on Wall Street’s Radar. In this article, we are going to take a look at where Amazon.com Inc. (NASDAQ:AMZN) stands against other AI stocks on Wall Street’s radar.

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. On May 23, Youssef Squali from Truist Financial maintained a “Buy” rating on the stock. The firm said it is sticking with the e-commerce giant.

“Halfway through 2Q25, Amazon NA [North America] revenue looks to be tracking ahead of consensus. Our analysis of the Truist Card Data (through 5/19) indicates that Amazon’s QTD US Revenue for 2Q25 is tracking $1-2B ahead of consensus expectations of ~$97B, implying a healthy 8-9% Y/Y growth, which is in line with growth in 1Q25, reflecting no notable impact from macro concerns.”

A customer entering an internet retail store, illustrating the convenience of online shopping.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $235 implies a 16.9% upside, however, the Street-high target of $288 implies an upside of 43.29%.

Overall, AMZN ranks 1st on our list of AI stocks on Wall Street’s radar. While we acknowledge the potential of AMZN as an investment, 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.

READ NEXT: 12 AI Stocks Making Waves on Wall Street Today and 10 AI Stocks on Latest News and Ratings.

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