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Amazon Stock (AMZN) Backed by Analysts on GenAI Growth and AWS Strength

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Making Headlines This Week. On September 15, TD Cowen analyst John Blackledge reiterated a Buy rating on the stock with a $255.00 price target driven by strong growth potential in the company’s cloud computing division. According to Blackledge, Amazon Web Services (AWS), Amazon’s cloud platform, holds a strong position in the GenAI market. A survey of North American IT decision-makers has revealed that a major portion of firms are already hosting thei ...