Amazon, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst John Blackledge from TD Cowen reiterated a Buy rating on the stock and has a $300.00 price target.
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Trade AMZN with leverageJohn Blackledge has given his Buy rating due to a combination of factors tied to Amazon’s accelerating growth and profitability. He expects first‑quarter 2026 revenue and operating income to come in above Wall Street forecasts, with particular strength from the higher‑margin AWS and advertising units alongside ongoing gains in fulfillment efficiency.
He also points to a meaningful step‑up in AWS growth, driven by rising demand for generative AI services as Amazon’s earlier infrastructure investments begin to pay off. With AWS’s AI revenue already tracking ahead of prior projections and overall cloud revenue growth expected to move toward the low‑30% range exiting 2026, he sees upside to current consensus estimates and maintains a $300 price target in support of his Buy view.
In another report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $296.00 price target.