Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks on Analysts’ Radar Right Now. On July 18, Citizens JMP analyst Andrew Boone reiterated a “Market Outperform” rating on the stock with a $285.00 price target. The firm remains focused on AWS and advertising growth due to their higher margin profiles.
“While we acknowledge Prime day growth was slower than we expected, we are most focused on AWS and advertising growth given their higher margin profiles. This as we continue to believe logistics gains remain early as robotics continues to automate more warehouse processes. Net/net, we believe Amazon’s free cash flow margins remain early as we look through Prime Day weakness and reiterate our Market Outperform rating.”
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.
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