10 AI Stocks Analysts Are Watching: Latest Ratings and News

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286

Amazon.com Inc (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On February 12, Loop Capital raised the firm’s price target on the stock to $285 from $275 and kept a “Buy” rating on the shares.

The rating follows Amazon’s Q4 beat last week, reflecting upon the firm’s confidence that Amazon’s bullish thesis is playing out and demonstrates a meaningful upside ahead. The firm noted that it is not the only one having a bullish outlook on AWS. Analysts also told investors in a research note that accelerated cloud migration and gen AI-driven use cases is a massive, multi-year growth cycle that is anticipated to push the stock higher.

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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