Benchmark Boosts Amazon Price Target to $295 Amid AWS Momentum and Long-Term Growth Plans
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TL;DR
Benchmark raised Amazon's price target to $295, citing strong AWS momentum and growth plans. The firm maintained its Buy rating, reflecting increased confidence in Amazon's trajectory.
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Benchmark boosts Amazon's (AMZN) price target to $295 from $260, citing accelerating AWS momentum and long-term growth plans. The firm reaffirmed its Buy rating, reflecting a 13.5% increase in confidence in Amazon's growth trajectory. Amazon expects Q4 revenue between $206bln and $213bln, and boosted its capital expenditure forecast for 2025 to $125bln.
