Bullish on Amazon Driven by AI-Enabled Margin Expansion

3 days ago

Host

"Now, it's Amazon's turn. It's their turn in the MAX 7 in 2026. Amazon at around $232 has gained just 6% this year and trades for about 29 times projected 2026 earnings. We have here the Evercore ISI analyst, Mark Mahaney. One of my favorite analysts. I really like his thought process. He has a $335 price target on Amazon and calls it his number one large cap internet long. Right now it's trading at $220. So he believes it's a full $100 undervalued. My biggest distinction by far with what they outline here is I really think the robotics and automation and efficiency is the biggest story overall and having that enabled by AI I think is the big story here."

The host endorses Amazon as the top pick for 2026, emphasizing that despite concerns over heavy capital spending, its margin expansion driven by robotics, automation, and AI will unlock significant value. He highlights Evercore ISI's Mark Mahaney's bullish price target of $335, suggesting the stock is currently undervalued at $220.

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