Wall Street Sees 34% Upside To Amazon.com, Inc. (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. As of the close of business on June 12, the stock is a Strong Buy with an average share price upside potential of 34%.

Wall Street Sees 34% Upside To Amazon.com, Inc. (AMZN)

Recent updates include BofA, which on June 11 maintained its Buy rating with a price target of $310, according to TipRanks. This is a reaffirmation of the firm’s adjustment on April 30 when it lifted the price target from $298 after the company’s first-quarter earnings report.

Earlier in the week, Bernstein and Barclays also reiterated their bullish outlook on Amazon.com, Inc. (NASDAQ:AMZN) with Outperform and Overweight ratings and price targets of $315 and $330, respectively.

Institutional investors’ interest in the stock continues to remain strong. As of Q1 2026, 353 hedge funds held a stake in the company, the most for all stocks tracked by financial website Insider Monkey.

In other news, the company has secured $17.5 billion in loans as it increases spending on AI infrastructure. The lenders include Citigroup, BofA, J.P. Morgan, HSBC, and Wells Fargo, according to the company’s filing dated June 8.

Amazon.com, Inc. (NASDAQ:AMZN) engages in e-commerce, online advertising, cloud computing, artificial intelligence, and digital streaming.

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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