Amazon’s (AMZN) AWS Momentum Strengthens as Evercore Keeps $335 Price Target

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks on the Market’s Radar. On December 5, Evercore ISI reiterated its “Outperform” rating on the stock with a $335.00 price target. The rating affirmation follows Amazon’ annual AWS re:Invent conference, pointing to increased confidence in AWS inflection and cloud upside.

*”We reiterate our Outperform rating and $335 PT on AMZN in the wake of our key takes from the annual AWS re:Invent conference.”

Key takes from the conference include that the AWS Unlock has been sustainable, and that its inflection up to 20% is real and not a one-time spike. The firm’s channel checks also reveal that AWS is likely to grow 20% or more in 2026.

The firm further addressed that supply constraints that were previously hindering AWS growth have largely been addressed. Moreover, technology is ramping with Trainium 3 now generally available, and demand for the cloud industry is also accelerating rapidly.

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