Summarize and humanize this content to 2000 words in 6 paragraphs in English Investment banks JMP Securities and CFRA today issued bullish notes on Amazon (AMZN) and JPMorgan (JPM), respectively. However, both banks cut their price targets on each of the stocks. JMP Securities’ Bullish Take on AMZN Although AMZN’s growth is likely to slow as its e-commerce business decelerates, its share of the e-commerce market will probably increase, JMP contended. The tech giant’s focus on staples, convenience and low prices will help it accomplish the latter feat, the investment bank believes. Meanwhile, the market share of its ad business and its cloud-infrastructure unit will likely also rise, due to the strength of those units, JMP predicted. Amazon.com (AMZN) Bets $8B on Anthropic, Expands AI in AWS & Shopping A customer entering an internet retail store, illustrating the convenience of online shopping. However, the investment bank lowered its price target on the name to $240 from $285, based on negative macro developments. CFRA’s Upbeat Assessment of JPM Most of JPM’s main businesses have performed well, CFRA wrote, after analyzing JPM’s first-quarter results. Moreover, CFRA thinks that the bank’s overall performance in Q1 was strong, while the recent volatility of financial markets has helped its equity trading and fixed income trading units. CFRA cut its price target on the name to $260 from $310 while keeping a Buy rating on JPM. The price target was lowered due to macroeconomic issues. While we acknowledge the potential of AMZN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.
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