Amazon.com Inc. (NASDAQ:AMZN) ranks among the best stocks for a couch potato portfolio.
On May 15, Wolfe Research issued its newest internet sector study, which included Amazon.com Inc. (NASDAQ:AMZN) as one of its top picks
The firm anticipates that AWS acceleration will boost sales and EBITDA expectations. Wolfe forecasts AWS revenue growth in Q2 of low-to-mid 30%, vs the average expectation of 31%, noting gains from Anthropic, OpenAI, increased capacity, and an organic mid-teens percentage increase. Meanwhile, on May 14, TD Cowen maintained its Buy rating and $350 price target for Amazon.com Inc. (NASDAQ:AMZN) following the company’s introduction of its new 30-minute grocery delivery option.
On May 12, Amazon.com Inc. (NASDAQ:AMZN) announced that its Amazon Now service began delivering thousands of fresh groceries and household necessities to consumers in 30 minutes or less across many major regions. For purchases over $15, Prime members receive a discounted delivery price of $3.99 for 30-minute deliveries, while non-members are charged $13.99. The new service complements Amazon’s existing delivery choices, which include Prime Air drone delivery.