Amazon.com, Inc. (NASDAQ:AMZN) is one of Warren Buffett’s 10 Stock Picks with the Strongest Upside Potential. On October 21, Amazon.com, Inc. (NASDAQ:AMZN) announced the expansion of Amazon Now across the United Arab Emirates.
Amazon Now, the fastest delivery service of the company, is now available in the UAE, offering delivery of everyday essentials within 15 minutes. Amazon is operating micro fulfillment centers across the UAE, providing daily use items from fresh fruits to personal care, and electronics. Amazon is offering fast delivery, reducing delivery distances, and meeting the evolving needs of UAE customers. Prime members get free Amazon Now delivery on orders above AED 25.
Amazon has also introduced a new 2-hour delivery service option for UAE customers that covers thousands of products from more than 20 categories on Amazon.ae.
As of October 21, Amazon.com, Inc.’s (NASDAQ:AMZN) average price target of $265, based on analysts’ estimates, implies an upside of nearly 19.35% from current levels. Over the past six months, AMZN shares have returned over 32% as of October 21.
Amazon.com, Inc. (NASDAQ:AMZN) is a diversified company that engages in retail sales of consumer products, advertising, and subscription services. Amazon is also a leader in the cloud business through its AWS unit.
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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Disclosure: None. This article is originally published at Insider Monkey.
