Amazon.com, Inc. (NASDAQ:AMZN) is one of the
12 AI Stocks in Focus on Wall Street: Tesla, Meta, and More.
Amazon.com, Inc. (NASDAQ:AMZN) continues to gain renewed attention from Wall Street, landing itself the top spot on our list of 12 AI Stocks in Focus on Wall Street.
On April 21, Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on the stock to $280.00 (from $260.00) while maintaining an “Overweight” rating. The firm feels strongly confident in Amazon’s AI-driven AWS growth and long-term margin expansion.
Discussing first-quarter performance expectations, the firm noted that the company is likely to report a strong quarter, driven by accelerating growth in AWS. This acceleration is in turn led by healthy demand from AI labs and recent supply unlocks, the firm said.
Recent company shareholder letters highlight several contributors to growth near-term, including 100% growth in its chips business. Backlog growth for the first and second…
https://finance.yahoo.com/markets/stocks/articles/amazon-com-inc-amzn-gains-133422641.html
