Oppenheimer Raises Amazon.com, Inc. (AMZN) Target as AWS Momentum and Margin Expansion Accelerate

We recently published an article titled 12 High Growth E-commerce Stocks To Buy. 

Oppenheimer analyst Jason Helfstein raised the firm’s price target on Amazon.com, Inc. (NASDAQ:AMZN) on January 28 to $315 from $305 while maintaining an Outperform rating on the shares. The upward revision reflects increased confidence in Amazon Web Services following the firm’s analysis of Anthropic-related contributions, with Oppenheimer now forecasting FY26 AWS revenue growth of 24%, compared with the Street’s 21% expectation. The firm continues to view Amazon as a top mega-cap opportunity, supported by improving fundamentals across both its cloud and core commerce businesses. Beyond AWS, Oppenheimer highlighted accelerating margin expansion within Amazon’s e-commerce segment, driven by ongoing automation investments across fulfillment and logistics. These efficiency gains are beginning to materialize in profitability, with the firm estimating approximately $7 billion in cumulative…