With few companies able to compare to its dominance in a myriad of sectors, Amazon’s (AMZN) stock has gotten an upgraded $300 target as it looks to be one of the top stocks’ of 2025. The company remains an e-commerce and cloud computing juggernaut. But is that enough for it to take on some of Wall Street’s heaviest hitters?

The week started with a rather shocking shake-up for the stock market. Various tech companies saw their value fall amid the arrival of the Chinese AI startup DeepSeek. Early Monday, it pushed Nvidia (NVDA) down as much as 12%, with Microsoft (MSFT) falling 4%. However, Amazon was more or less spared relative to the competition, only falling 1.3%.

Also Read: Amazon Q4 Earnings Projected to Rise 54%: AMZN to Outperform?

Amazon Looks to Lead 2025: Do Analysts Believe It Will Get There?

There is no shortage of reasons to believe in Amazon’s potential. The brand is a proven commodity and has been one of the biggest businesses in the world for more than a decade. Moreover, it is already set to lead one of the largest emerging markets in the world.

Indeed, Amazon Web Services (AWS) is poised to be at the forefront of a $2 trillion market, according to experts. That could be one of the biggest reasons why it wins the Wall Street race this year. With Amazon (AMZN) getting a $300 target increase, can the stock be the best buy of 2025?

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Recently, Scotiabank has increased its price target for the company to $306. Moreover, that marks a notable increase from its previous $246 target price, according to Market’s Insider. They have also maintained an outperform rating while noting they expect “consistent demand” to be the trend of the year.

That more or less aligns with the consensus opinion on the company. CNN data has given the stock a 10 outperform rating. Moreover, 95% of its surveyed 74 analysts have placed a buy rating on the stock. Alternatively, just 1% have issued a sell call.

However, over the next twelve months, Amazon has a $235 median price forecast from observed analysts. That would only indicate a 1.3% jump from its current position. Even the high-end stock forecast has shares increasing 22% to reach $285, based on CNN. That is still far more bearish than Scotiabank’s expectations that it will break through the $300 ceiling.