JMP Securities Keeps Market Outperform Rating for Amazon (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 18, JMP Securities reaffirmed its Market Outperform rating for Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $285.

This decision came after insights from an Amazon Video fireside chat, which showed that over 200 million Prime members stream Prime Video around the world. In the US alone, more than 80 million users are logged in to the streaming service.

JMP Securities pointed out that 80% of Prime Video users shop with Amazon.com, Inc. (NASDAQ:AMZN) at least once a month. This shows a strong link between the streaming service and the company’s core e-commerce business.

The research firm characterized the discussion as having “lots of softball questions” but noted it shared important numbers about Amazon.com, Inc.’s (NASDAQ:AMZN) streaming service.

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company that specializes in e-commerce, cloud computing, 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 Best NASDAQ Stocks to Buy For Long Term and 10 Unrivaled Stocks of the Next 3 Years.

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