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Thanks to the size of its business and position in several major and growing industries, such as e-commerce and artificial intelligence (AI), Amazon (NASDAQ: AMZN) has been a highly successful company in 2024 and in the years before. An early January 2025 rating revision provided by Wolfe Research’s Shweta Khajuria demonstrates the continued faith in the strong performance of AMZN shares and of Jeff Bezos’ company as a whole. Specifically, Khajuria explained that his firm still considers Amazon stock a ‘top pick,’ when she upgraded the 12-month price target from $250 to $270 – from a 12.76% upside to a 21.79% upside. Why Amazon stock remains a ‘top pick’ for 2025 According to the analyst, the bull case for AMZN is threefold. The e-commerce giant is expected to continue growing due to tailwinds from increased automation and efficacy, as well as from rising advertising revenue and continuous international profitability. Amazon’s foray into technology – particularly through Amazon Web Services (AWS) – and the increasing involvement in cloud computing and the AI boom are expected to provide additional room for expansion. Finally, the e-commerce giant is forecasted to continue its market share consolidation due to the development of methods such as drone deliveries, which are accelerating delivery speeds despite reportedly being very unprofitable for the company at their current stage. Wall Street remains enamoured by AMZN shares Wolfe Research’s assessment falls in line with a broader bullishness evident among Wall Street analysts. For example, JPMorgan (NYSE: JPM) noted that Amazon has continued growing in 2024, despite the figures toward the end of the year not being as strong as was hoped, and outlined the expectation the positive trend will persist. AWS and the ongoing AI boom were also cited as major reasons for optimism. Jefferies and Bernstein were no less positive…

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Filed under: News - @ January 3, 2025 3:28 pm