Amazon.com (AMZN) Price Target Raised by $1

Amazon.com, Inc. (NASDAQ:AMZN) is included among the 15 Best S&P 500 Stocks to Buy Right Now.

Amazon.com (AMZN) Price Target Raised by $1
Amazon.com (AMZN) Price Target Raised by $1

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Amazon.com, Inc. (NASDAQ:AMZN) provides a broad selection, value, and convenience across a range of customer experiences, including online shopping, cloud computing, streaming entertainment, consumer electronic devices, advertising, healthcare, AI services, and more.

On April 2, Wells Fargo slightly upped its price target on Amazon.com, Inc. (NASDAQ:AMZN) from $304 to $305, while maintaining an ‘Overweight’ rating on the shares. The bumped target indicates an upside potential of over 45% from the current levels.

Wells expects Amazon.com, Inc. (NASDAQ:AMZN)’s CapEx guidance for 2026 to remain stable, with accelerating AWS revenue supporting upward revisions to free cash flow, marking the first improvement in the last four quarters. Amazon remains the analyst firm’s top internet pick for this year, given its strong growth and an attractive valuation of 21 times 2027 GAAP price to earnings.

Amazon.com, Inc. (NASDAQ:AMZN) is targeting to spend about $200 billion in capital expenditures in FY 2026, with a big portion of it invested in AWS, given the high demand. The company expects its net sales for the first quarter to range between $173.5 billion and $178.5 billion.

Amazon.com, Inc. (NASDAQ:AMZN) was also recently included in our list of the 8 Best Blue Chip AI Stocks to Buy Now.

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: 15 Best High Yield Energy Stocks to Buy Now and 14 Best Energy Stocks to Buy According to Wall Street Analysts

Disclosure: None. Follow Insider Monkey on Google News.

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