Amazon.com Inc. (NASDAQ:AMZN) is one of the best growth stocks to buy in 2026. On December 16, BMO Capital raised the firm’s price target on Amazon.com to $304 from $300 with an Outperform rating on the shares. Based on feedback from former AWS executives, BMO Capital reported that cloud commitments are intensifying and developers are increasingly gravitating toward the Claude model. With enterprise AI expected to scale by 2027, the firm boosted its assumed AWS growth rate from 23% to 24%.
In other news, on December 9, Amazon announced a massive $35 billion investment in India to be deployed through 2030. This new capital builds upon the $40 billion the company has already invested since entering the market in 2010, bringing its total planned commitment to $75 billion. The strategy is built on three central pillars: AI-driven digitization, expanding export growth, and large-scale job creation.
According to an Economic Impact Report by Keystone Strategy released at the summit, Amazon’s operations have already digitized 12 million small businesses and enabled $20 billion in cumulative e-commerce exports. By 2030, the company aims to quadruple its export impact to $80 billion and bring the benefits of artificial intelligence to 15 million small businesses. To support this, Amazon is launching tools like Seller Assistant and Next Gen Selling, while enhancing customer experiences through Lens AI and the conversational assistant Rufus. With this new investment, Amazon also expects to support 3.8 million jobs by 2030, which includes the creation of 1 million new opportunities.
Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
