Stifel Called Amazon (AMZN) a Buy Before Earnings With a $262 Price Target

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Investors Should Keep an Eye On. On July 30, Stifel analyst Mark Kelly raised the price target on the stock to $262.00 (from $245.00) while maintaining a “Buy” rating.

“Third-party data suggests a better 2Q than expected, as the Trump administration has either struck more favorable deals, or pushed out tariff implementation while waiting for deals to be struck. The e-commerce group, in particular, has been volatile throughout these announcements/implementation delays, and we largely believe a lot of the upside to numbers is baked into most of our coverage.

Pixabay/ Public Domain "We were too conservative in our models following liberation day, and raise some estimates. Despite our view that a lot of the good news is priced in, we favor AMZN in e-comm, and believe LIF estimates will continue to work higher from here.”

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.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Making Waves on Wall Street

Disclosure: None.