Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) stocks are among Jefferies’ top artificial intelligence (AI) picks. After conducting an in-depth analysis, Jefferies analyst Brent Thill recommended owning Microsoft and Amazon stock as they remained well-positioned to capitalize on enterprise demand. Thill has a success rate of 71% and 73% on AMZN and MSFT, respectively. Moreover, the analyst increased MSFT’s price target to $550 from $465, implying about 31% upside potential from current levels.
In addition to MSFT and AMZN, Thill recommends investing in Alphabet (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) stocks to capitalize on the consumer end market. He also suggests considering CrowdStrike (NASDAQ:CRWD) and views it as a leading AI cybersecurity company.
While Thill is bullish about these stocks, let’s leverage TipRanks’ Stock comparison tool to understand what the future holds for these companies.
What are the Best AI Stocks?
TipRanks’ Stock Comparison tool shows that Wall Street analysts are optimistic about MSFT, AMZN, META, GOOGL, and CRWD stocks. All of these stocks sport a Strong Buy consensus rating, thanks to AI-driven demand and their focus on lowering structural costs.
However, AMZN is the only stock with a Strong Buy consensus rating and a “Perfect 10” Smart Score. Notably, the Top Smart Score Stocks have a higher potential to beat market averages.
What is the Prediction for Amazon Stock?
Amazon is investing in AI to accelerate growth and strengthen its competitive positioning. It launched its next-generation training chip, Trainium2, boasting higher performance. Further, it has invested $4 billion in an AI startup called Anthropic.
Notably, all 41 analysts covering AMZN stock recommend buying it. AMZN stock has gained over 76% in one year. Further, analysts’ average AMZN stock price target of $209.59 implies 16.19% upside potential.
