TD Cowen reiterated their Buy rating on Amazon.com’s stock with a price target of $350.00.
The price target implies an upside of 39.2% from the Oct 2 close of $251.52.
Key takeaways from the analyst note
Strong Revenue Forecast: Amazon is projected to achieve a reported revenue of approximately $202.2 billion for Q3 2026, reflecting a 12.2% year-over-year growth, driven by significant acceleration in AWS revenue and improvements in advertising and subscription services.
Robust AWS Growth: Amazon Web Services (AWS) is expected to see a remarkable 41% year-over-year revenue growth, bolstered by increasing demand for AI workloads, highlighting Amazon’s strong position in the cloud computing market and the potential for continued growth in this sector.
Explore more price target data and ratings for Amazon.com on the Forecasts tab.
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