Baird Lifts Amazon (AMZN) Price Target Ahead of Earnings, Citing New Growth Bets

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Analysts Are Tracking Closely. On July 21, Baird analyst Colin Sebastian maintained an “Outperform” on the stock and raised the price target from $220.00 to a new target of $244.00.

The rating affirmation follows the firm updating its model. It now believes “Amazon Space Platform” is another big long-term bet for the company.

In other news, Wells Fargo reiterated Amazon, Alphabet, and Expedia as “Equal Weight,” optimistic that all three stocks are the “best tactical longs” ahead of earnings.

“See investors positioned much more aggressively in the SMidCaps and higher beta names, in stark contrast to last quarter where ‘defense’ was the mantra. Expect high volatility given positioning. See AMZN , GOOG and EXPE as best tactical longs.”

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 thebest short-term AI stock.

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Disclosure: None.