Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best AI Stocks to Buy in June. On June 6, Investing.com reported that BofA Securities reiterated its $310 price target and Buy rating on Amazon, driven by developments in the company’s Leo satellite internet project.

The analyst noted that Amazon is approaching an operational tipping point in the satellite project as deployment accelerates and commercial services near launch, highlighting that the firm has increased its launch cadence in the second quarter, with currently over 300 satellites in orbit.

Earlier on June 5, Amazon said Leo Europe 3 (LE-03) is slated to launch on June 17 from Europe’s Spaceport in Kourou, French Guiana. It added that the mission marks 100 satellites launched by Arianespace, noting that three missions were completed in less than five months.

Based on 71 analyst ratings compiled by CNN, 96% assigned a Buy rating to Amazon, while 4% assigned a Hold rating. The stock has a median price target of $320, a 30.07% upside from the current price of $246.03.

Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company operating through multiple interconnected business units. While well-known as an online retailer, it is also a major player in cloud computing, digital streaming, and artificial intelligence.

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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