With an upside potential of 17.42% as of May 3, Amazon.com, Inc. (NASDAQ:AMZN) is included among the 10 Best Fortune 500 Stocks to Buy According to Analysts.

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Amazon.com, Inc. (NASDAQ:AMZN) provides a broad selection, value, and convenience across a range of customer experiences, including online shopping, cloud computing, streaming entertainment, consumer electronic devices, advertising, healthcare, AI services, and more.

On April 30, Goldman Sachs upped its price target on Amazon.com, Inc. (NASDAQ:AMZN) from $275 to $325, while keeping a ‘Buy’ rating on the shares. The target boost represents an upside potential of over 19% from the current share price.

Amazon delivered a strong Q1 2026 report on April 29, exceeding estimates in both earnings and revenue. The company grew its revenue by over 16% YoY to $181.5 billion, above the top end of guidance, driven by strength in Online Stores and AWS, which delivered the fastest growth rate in 15 quarters. Moreover, AWS boasted a backlog of $364 billion in the first quarter, supporting sustained growth.

Amazon.com, Inc. (NASDAQ:AMZN) is expecting its Q2 net sales to be between $194 billion and $199 billion, with operating income forecasted in the range of $20 billion and $24 billion.

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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