Why Analysts Stay Bullish on Amazon (AMZN) After JetBlue Kuiper Deal

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Gaining Attention on Wall Street. On September 8, Cantor Fitzgerald analyst Deepak Mathivanan reiterated an Overweight rating on the stock with a $280.00 price target.

The rating affirmation follows Amazon’s announcement that it will bring its satellite internet network to JetBlue’s commercial airline customers.

JetBlue is going to be the first airline to implement Amazon’s Project Kuiper satellite technology, offering lower latency and better service than traditional satellite systems.

“AMZN announced a partnership with JetBlue (JBLU, NC) to provide in-flight Wi-Fi via its Kuiper network beginning in FY27E. This marks AMZN’s first U.S. airline deal and highlights meaningful progress towards commercialization. Highlighted in our previous report (here) – AMZN has already deployed 102 satellites into LOE and, if upcoming launches proceed as planned, the constellation could expand to 450 by the end of 2025, likely sufficient to initiate a commercial beta.”

Amazon.com Inc. (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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Disclosure: None.