Evercore ISI raises Amazon price target to $355 from $315
Evercore ISI lifted its Amazon PT to $355 from $315 and reiterated Outperform. The firm cites 14th Annual U.S. Online Retail survey takeaways including additive agentic AI usage and Prime Same-Day rebounds.
AMZN Evercore ISI Raises AMZN PT to $355 from $315 - Outperform Key takeaways from the 14th Annual U.S.
Online Retail survey: 1.
For the first time, we see evidence that Agentic AI is additive for Amazon Retail, with 57% of Alexa AI users buying a product they were not previously aware of.
2.
Amazon's leadership position remains intact, though it did not widen.
Amazon penetration was 92%, down from last year's record 95%, but still 34 points ahead of #2 Walmart.
3.
Shipping speed adoption is re-accelerating, with regular Same-Day usage rebounding to 49%.
Prime Same-Day users now spend 3.1x what non-Prime members spend, the widest gap yet.
4.
Perishable Checkout is emerging as a meaningful grocery opportunity, with ~46% of respondents who have seen it adding fresh groceries to their Amazon carts.
AMZN remains a Top Large Cap Long." Analyst: Mark Mahaney