BNP Paribas Exane Initiates Amazon (AMZN) at Outperform, Says AI Concerns Are Overblown

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Hot AI Stocks to Keep on Your Radar. On November 24, BNP Paribas Exane initiated coverage on the stock with an Outperform rating and a $320.00 price target.

The firm believes that AMZN enjoys strong leadership in cloud, ecommerce, and ad growth; and that AI underinvestment concerns are overblown.

Amazon is well positioned to maintain its leadership across cloud computing and e-commerce sectors, and  it holds significant growth potential in advertising. Besides these tailwinds, the firm also noted how underinvestment concerns for Amazon in artificial intelligence are overblown.

“We see concerns around underinvestment in AI as overblown, given the company’s ongoing buildout of AI infrastructure, model integration across AWS, and deployment within its consumer ecosystem. We are initiating coverage of Amazon with an Outperform rating and a $320 TP.”

Overall, the firm believes Amazon is the most robust business within its e-commerce coverage characterized by several levers for growth e.g. retail, AWS, ads.

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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