Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best stocks to buy for the next 6 months. On July 29, Mark Kelley, an analyst at Stifel, raised the price target for Amazon.com, Inc. (NASDAQ:AMZN) from $245 to $262 while keeping the company’s shares at a Buy rating. As the company gets closer to announcing its second-quarter earnings, Kelley points out that third-party data suggests Amazon.com, Inc. (NASDAQ:AMZN) may surpass forecasts.
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This optimism stems in part from the strategic agreements made by the current U.S. administration and the postponement of tariff measures, both of which have benefited the company.
Stifel admitted that its models had been “too conservative” after what it called “liberation day,” and as a result, it raised some of its projections for Amazon.com, Inc. (NASDAQ:AMZN).
The firm stated that it prefers Amazon.com, Inc. (NASDAQ:AMZN) in the e-commerce industry and that it believes the company’s long-term financial projections would “continue to work higher from here.”
Amazon.com, Inc. (NASDAQ:AMZN) is a major technology company that runs the world’s largest e-commerce and cloud computing businesses. The company also offers digital streaming and AI technology.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
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