Amazon.com, Inc. (AMZN) is a top AI stock with Piper Sandler raising its price target to $300. Third-quarter results exceeded expectations, with AWS growth at 20% y/y and operating income beating guidance. The firm sees Amazon poised for an AI product cycle and emphasizes cost reduction efforts.

Amazon.com Inc. (AMZN) is a leading American technology company offering e-commerce, cloud computing, and AI solutions. While AMZN is promising, other AI stocks may offer greater upside potential with lower risk. For undervalued AI stock options, check out the free report on the best short-term AI stock.

Piper Sandler raised its price target on Amazon.com, Inc. (AMZN) to $300 from $255, citing strong third-quarter results and future growth potential. AWS growth is at 20% y/y, with plans to double power capacity by 2027. Amazon is focused on cost reduction and gearing up for an AI product cycle.

Read more at Yahoo Finance: Piper Sandler Raises Amazon (AMZN) Price Target as AWS Growth Reaccelerates