Amazon received a price target increase from $240 to $255 after delivering strong financial results for the second quarter. Despite cautious Q3 profit forecasts, the investment bank remains confident in Amazon’s ability to mitigate geopolitical risk and capitalize on logistics improvements. The company’s stock price reacted negatively, but the bank maintains a Buy rating. While Amazon is a solid investment, some AI stocks offer greater potential. For more information on undervalued AI stocks, check out the free report on the best short-term AI stock. No disclosure of ownership.

Read more at Yahoo Finance: Amazon (AMZN) Gets Price Target Hike After Strong Quarterly Performance