Analyst John Blackledge of TD Cowen maintained a Buy rating on Amazon, retaining the price target of $300.00.
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New trading tool for AMZN bullsJohn Blackledge has given his Buy rating due to a combination of factors tied to Amazon’s deepening relationship with Anthropic, which secures a massive long‑term AI compute demand pipeline for AWS. He views Anthropic’s pledge to direct over $100 billion of spending to AWS infrastructure, including Trainium and Graviton capacity across generations, as reinforcing Amazon’s competitive position and visibility in high‑growth AI workloads.
He also highlights that integrating Anthropic’s Claude console natively into AWS should lower adoption friction for enterprise customers, supporting broader generative AI usage and incremental cloud revenue. In his assessment, Amazon’s multi‑stage equity investments in Anthropic, alongside projects like the large‑scale Project Rainier cluster and expanding global inference capacity, strengthen Amazon’s AI ecosystem and justify a favorable risk‑reward profile that supports a Buy recommendation.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $300.00 price target.