Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Making Waves on Wall Street. On August 1, Oppenheimer analyst Jason Helfstein lowered the price target on the stock to $245.00 (from $250.00) while maintaining an “Outperform” rating.
The rating affirmation comes amid frustrated investors over a lack of positive second half 2025 AWS commentary. This is because capacity issues are anticipated to persist until at least year-end.
Nevertheless, CEO Jassy has reiterated that artificial intelligence is the “the biggest technology transformation for a lifetime.” This is already evident considering AWS AI revenue is continuing to grow triple-digits year-over-year and its usage is still early within AWS.
The firm doesn’t see any consumer weakness despite tariff impacts remaining.
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.
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.
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