Amazon.com, Inc. (NASDAQ:AMZN) is one of Warren Buffett’s 10 Stock Picks with the Most Upside Potential. On October 21, Amazon.com, Inc. (NASDAQ:AMZN) announced the expansion of Amazon now throughout the United Arab Emirates.
Amazon Now, the company’s fastest delivery service, is now available in the UAE, offering delivery of essential items within 15 minutes. Amazon operates micro fulfillment centers across the UAE, offering everyday items from fresh fruits to personal care and electronics. Amazon offers fast deliveries, reduces delivery distances and meets the changing needs of UAE customers. Prime members get free Amazon Now delivery on orders over AED 25.
Amazon has also introduced a new 2-hour delivery service option for UAE customers covering thousands of products across more than 20 categories on Amazon.ae.
As of October 21, Amazon.com, Inc.’s (NASDAQ:AMZN) average price target of $265, according to analyst estimates, implies an upside of nearly 19.35% from current levels. Over the past six months, AMZN stock has returned more than 32% through October 21.
Amazon.com, Inc. (NASDAQ:AMZN) is a diversified company engaged in consumer products retailing, advertising, and subscription services. Amazon is also a leader in the cloud business through its AWS unit.
While we recognize AMZN’s potential 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’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.