Amazon found itself on the receiving end of two very different kinds of news this week. On one side, Wall Street analysts lined up behind the company’s cloud computing arm, pointing to rising prices for AI-grade server capacity as a fresh earnings tailwind. On the other, a consumer settlement tied to the company’s Prime subscription began paying out larger checks to customers across the United States.
Shares responded to the bullish analyst chorus. The stock climbed 1.1% on Thursday to EUR 222.75, building on a 1.3% gain the previous day that left it at EUR 220.25. Year to date, the equity is up between 12% and 13%, depending on the session counted.
Two Banks, One Thesis
Goldman Sachs added Amazon to its monthly list of top US stock picks, while Wells Fargo reaffirmed its Overweight rating and set a price target of USD 338. Wells Fargo’s case rests on something narrower than general optimism: the fees AWS charges for specialized computing capacity are heading…
