Amazon (AMZN) is slated to report its fourth-quarter results after the market closes Thursday, with analysts overwhelmingly bullish on the tech titan's stock.

All 27 analysts covering the stock tracked by Visible Alpha have a “buy” or equivalent rating. Their consensus price target is roughly $259, about 9% above the stock's intraday price Thursday.

Jefferies recently called Amazon a top pick for enterprise artificial intelligence, reiterating a “buy” rating and $275 price target for the stock, pointing to growth from Amazon Web Services and advertising opportunities.

Amazon's spending on AI could also be in focus after Chinese AI startup DeepSeek rocked markets last week, as claims that it developed an AI model rivaling those of American firms at a fraction of the cost raised concerns about Big Tech's spending. When Google parent Alphabet (GOOGL), Microsoft (MSFT), and Meta (META) recently reported earnings, they 澳洲幸运5官方开奖结果体彩网:stood by aggressive spending plans.

Bank of America analysts said last week they see this as "澳洲幸运5官方开奖结果体彩网:AI's Sputnik moment," suggesting co𓆏mpetition could push U.S. hyperscalers like Amazon to spend even more on AI.

Amazon is pro🎉jected to report revenue of $187.42 billion, up 10% year-over-year, according to estimates compiled by Visible Alpha. Earnings are expected💫 to come in a $16.02 billion, or $1.49 per share, up from $10.62 billion, or $1 per share, a year earlier. 

Shares of Ama🧸zon have gained about 40% over the past 12 months, at $237.28 in early trading Thu💦rsday.

UPDATE—Feb. 6, 2025: This article has been updated to reflect more recent analyst estimates and share price values.