In a report released today, Brian White from Monness maintained a Buy rating on Amazon, with a price target of $280.00.
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New trading tool for AMZN bullsBrian White has given his Buy rating due to a combination of factors that position Amazon favorably within the evolving AI and cloud landscape. He views Amazon as a key beneficiary of the long-term shift of workloads to the cloud, with AWS poised to capitalize on robust AI-driven demand despite recent share price weakness and macroeconomic uncertainty.
At the same time, he highlights that Amazon has moved from the sidelines into a central AI role through deepening partnerships with leading AI-native players, most notably OpenAI and Anthropic. The substantial, multi‑year spending commitments and investment agreements tied to these relationships support a sustained growth outlook for AWS, reinforcing his positive stance on the stock even as regulatory and competitive risks remain in focus.
According to TipRanks, White is a 5-star analyst with an average return of 13.3% and a 62.73% success rate. White covers the Technology sector, focusing on stocks such as Apple, Snowflake, and Datadog.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $285.00 price target.