AMZN - BERNSTEIN RAISES AMAZON PT ON AWS, AI MOMENTUM Bernstein raised its Amazon price target to $320 from $315, maintaining an Outperform
AMZN - BERNSTEIN RAISES AMAZON PT ON AWS, AI MOMENTUM Bernstein raised its Amazon price target to $320 from $315, maintaining an Outperform rating. The firm cited stronger-than-expected 37% AWS revenue growth, a $25B AI revenue run rate, expanding AI chip business and clear returns on AI investment. Bernstein also highlighted Amazon's higher 2026 capex of $220B, backed by strong demand and attractive payback periods.
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08:52:54 AM UTC
SquawkNews
AMZN - PIPER RAISES AMAZON PT AFTER STRONG AWS QUARTER Piper Sandler raised its Amazon price target to $320 from $315, maintaining an Overweight rating. The firm said Q2 was one of Amazon's strongest quarters, driven by 37% AWS revenue growth, better-than-expected operating income and margins. Piper also highlighted the increase in 2026 capex to $220B, saying underlying business momentum remains strong.
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