Why Analysts Stay Bullish on Amazon (AMZN) After JetBlue Kuiper Deal

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Gaining Attention on Wall StreetOn September 8, Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating on the stock with a $280.00 price target.

The rating affirmation follows Amazon’s announcement that it will bring its satellite internet network to JetBlue’s commercial airline customers.

JetBlue is going to be the first airline to implement Amazon’s Project Kuiper satellite technology, offering lower latency and better service than traditional satellite systems.

“AMZN announced a partnership with JetBlue (JBLU, NC) to provide in-flight Wi-Fi via its Kuiper network beginning in FY27E. This marks AMZN’s first U.S. airline deal and highlights meaningful progress towards commercialization. Highlighted in our previous report (here) – AMZN has already deployed 102 satellites into LOE and, if upcoming launches proceed as planned, the constellation could expand to 450 by the end of 2025, likely sufficient to initiate a commercial beta.”

Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

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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Disclosure: None.