Raymond James Lifts Amazon Price Target to $280 on AI Partnerships: Is AWS Still the Stealth AI Winner?

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• Amazon (AMZN) stock received a price target raise to $280 from $225 by Raymond James after Q1 2026 earnings.

• Raymond James upgraded Amazon based on major AI partnerships and agentic tooling reinforcing AWS as the central platform for enterprise AI commercialization, despite near-term pressure from $200B projected CapEx spending in fiscal 2026.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE.

Raymond James lifted its price target on Amazon (NASDAQ:AMZN) stock to $280 from $225, maintaining its Outperform rating. The firm argues that major artificial intelligence (AI) partnerships and expanding agentic capabilities are reinforcing Amazon Web Services (AWS) as the key platform for enterprise and consumer AI commercialization. For long-term investors, the revised outlook warrants a closer look at a cloud franchise that may be Wall Street’s most under-discussed AI beneficiary.

The price…