Amazon (AMZN) Stock Target has been raised to $265 as AWS and AI Momentum Build

Amazon.com, Inc. (NASDAQ:amzn) is one of AI stocks wave making stock on Wall Street. On July 23, Bank of America repeatedly raised its stock price target from $248 to $265 per share.

The Post raised strong second quarter retail data and estimates of human AI growth. He said the quarter estimate remains above the street as strong e-commerce data, Prime Day sales are long and currency is a tailwind. Looking at the second half of this year, Post expects strong AI demand and growth in Amazon Web Services capacity as key factors driving stocks.

“Amazon’s YTD comments on AWS capacity constraints, as well as the recent accelerated cloud revenues from competitors, likely have made AWS more focus more,” Post wrote to its client in a memo on Wednesday. “The second quarter retailers are set to be solid quarters, and a strong 1Q with the AWS backlog and accelerated quarterly AWS spending should drive two hours of AWS growth.”

Going forward, analysts said they believe this year’s Prime Day event and consumer resilience could lead to a strong third quarter outlook. However, tariff uncertainty remains a significant risk.

Amazon.com Inc. (NASDAQ: AMZN) is an American technology company that provides e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

Although we acknowledge AMZN’s potential as an investment, we believe certain AI stocks offer greater promotion potential and pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

Read next: 10 AI stocks on Wall Street radar and 10 AIs in the spotlight now.

Disclosure: None.