Multiple analysts have weighed in onAmazon.com Inc(NASDAQ:AMZN) stock this week as the e-commerce giant's annual Prime Day event gets rolling. The consensus view is that Amazon is positioned for further upside heading into earnings.

AWS Growth: Wolfe Research analyst Shweta Khajuria initiated coverage on Amazon Tuesday with an Outperform rating and $250 price target.

Khajuria's bull case for Amazon is centered around Amazon Web Services (AWS) growth acceleration, margin expansion and retail share gains.

"In terms of near-to-mid-term fundamentals, we like the 2024 setup for Amazon," the analyst said in a new...