William Blair analyst Dylan Carden has maintained their bullish stance on AMZN stock, giving a Buy rating today.
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Dylan Carden has given his Buy rating due to a combination of factors that suggest Amazon’s potential for growth and value. The upcoming second-quarter earnings report is anticipated to show positive results, particularly due to an extended Prime Day, which has already indicated stronger performance than expected. Additionally, Amazon Web Services (AWS) is expected to continue benefiting from labor savings, which should support its margins despite increased investment spending.
Long-term prospects for Amazon also appear promising, with a shift towards a more service-oriented revenue mix and a focus on operational efficiency likely to sustain structural earnings. Amazon’s shares are currently valued attractively at 12.5 times the 2026 adjusted EBITDA estimate, with an operating margin expectation that surpasses market consensus. Furthermore, Amazon’s competitive positioning in content, fulfillment, and AI, along with potential AWS revenue growth and broader AI use-cases, underpins the stock’s valuation and future performance.
In another report released today, Loop Capital Markets also reiterated a Buy rating on the stock with a $290.00 price target.