Amazon's (AMZN) stock has a new bull, with Wolfe Research analysts calling for a roughly 30% rise in the shares, driven by the company's leadership position and exposure to growth opportunities.

The analysts gave Amazon an "outperform" rating and a price target of $250, above Visible Alpha's consensus target near $225. The shares edged higher as of 1:45 p.m. ET Tuesday, rising 0.3% from Monday's close of $192.72.

Amazon's stock has gained more than 25% year-to-date, outpacing the S&P 500 index 澳洲幸运5官方开奖结果体꧂彩网:alongside some of its Magnificent 7 p♏eers.

Wolfe Analysts Eye AWS, AI

Wolfe's analysts said eyes are on margin expansion, 澳洲幸运5官方开奖结果体彩网:Amazon Web Services (AWS) growth, 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI), and 澳洲幸运5官方开奖结果体彩网:capital expenditures (CapEx).

They highlighted the company's leadership position and 澳洲幸运5官方开奖结果体彩网:differentiated value proposition in threeܫ market opportunities of $1 trillion or more: retail, digital a🌜dvertising, and cloud computing.

They also said that Project Kuiper, Amazon's satellite broadband network, as well as Amazon Business, its corporate membership option, represent growth opportunities.

Amazon on Tuesday kicked off its annual summer sales event, 澳洲幸运5官方开奖结果体彩网:Prime Day, which runs through tomorrow.