Truist Financial Increases PT on Amazon.com Stock to $250, Keeps Buy Rating

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 Best Stocks to Invest in for Good Returns. On July 2, Truist Financial increased the price target on Amazon.com, Inc. (NASDAQ:AMZN) stock from $226 to $250, keeping its Buy rating on the shares.

Youssef Squali from Truist raised the price target on AMZN as he expects the e-commerce giant to report stronger-than-expected Q2 2025 results. The company expects mixed results during the second quarter, with revenue expected between $159 billion and $164 billion, indicating 7-11% growth from a year ago. Squali sees resilient North American consumer demand despite the macro or tariffs and favourable FX on a weakening U.S. Dollar. The company’s operating income guidance of around $13 billion to $17.5 billion fell short of the market expectation of $17.7 billion.

However, Squali anticipates that higher order frequency and average selling price have added to Amazon’s growth and sees this to be a key growth factor ahead. Amazon.com’s solid progress across e-commerce, advertising, cloud, and logistics remains the backbone of the business.

Amazon.com, Inc. (NASDAQ:AMZN) is a diversified company with operations in e-commerce, advertising, cloud, and logistics, among others.

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Disclosure: None. This article is originally published at Insider Monkey.