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%.

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