Amazon.com, Inc. (NASDAQ:AMZN) is one of the Must-Watch AI Stocks on Wall Street. On December 5, KeyBanc analyst Justin Patterson reiterated an “Overweight” rating on the stock with a $303.00 price target.

The rating affirmation reflects firm optimism post AWS re:Invent, with analysts signaling confidence in AWS momentum and long-term AI growth.

KeyBanc is particularly encouraged by Amazon’s efforts to provide more flexible AI offerings, from models to silicon deployments.

Customers have always been valuing having choices at AWS, with recent feedback showing that reception to AWS is improving.

“With capacity ramping over the next two years, we remain comfortable with our forecast for +21% y/y growth into 2026E. We maintain our OW rating and $303 PT (31.5× 2027E P/E).”

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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