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Amazon (AMZN) Set to Reach $272 Target Following OpenAI Model Launch on AWS

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Amazon (AMZN) Gets $272 Target as OpenAI Models Launch on AWS

Amazon.com, Inc. (NASDAQ:AMZN) is among the notable AI stocks this week. Analyst Justin Post from BofA Securities reaffirmed a Buy rating with a target price of $272. This follows OpenAI’s announcement of new open weight models available on AWS via Amazon Bedrock and SageMaker AI. These models, while not leading-edge, align well with Amazon’s cost-saving strategy. Customers can leverage Amazon SageMaker for pre-training, evaluation, and deployment, alongside Amazon Guardrails for enhanced security. The new OpenAI models, such as gpt-oss-120b, significantly reduce costs, being three times more price-effective compared to competitors. AWS leaders emphasized the transformative impact of their vast customer base on OpenAI’s technology access. While AMZN shows potential, some analysts highlight other AI stocks with better upside potential. For insights on undervalued AI stocks benefiting from current market conditions and tariffs, check out reports on top AI investments.

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