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Wolfe Names Amazon (AMZN) a Top Internet Sector Pick
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Amazon.com Inc. (NASDAQ:AMZN) ranks among the best stocks for a couch potato portfolio. On May 15, Wolfe Research issued its newest internet sector study, which included Amazon.com Inc. (NASDAQ:AMZN) as one of its top picks. The firm anticipates that AWS acceleration will boost sales and EBITDA expectations. Wolfe forecasts AWS revenue growth in Q2 of low-to-mid 30%, vs the average expectation of 31%, noting gains from Anthropic, OpenAI, increased capacity, and an organic mid-teens percentage increase. Meanwhile, on May 14, TD Cowen maintained its Buy rating and $350 price target for Amazon.com Inc. (NASDAQ:AMZN) following the company’s introduction of its new 30-minute grocery delivery option. On May 12, Amazon.com Inc. (NASDAQ:AMZN) announced that its Amazon Now service began delivering thousands of fresh groceries and household necessities to consumers in 30 minutes or less across many major regions. For purchases over $15, Prime members receive a discounted delivery price of $3.99 for 30-minute deliveries, while non-members are charged $13.99. The new service complements Amazon’s existing delivery choices, which include Prime Air drone delivery. Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company has three segments: North America, International, and Amazon Web Services (AWS). 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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.
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