Monness analyst Brian White maintained a Buy rating on Amazon today and set a price target of $265.00.
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Brian White has given his Buy rating due to a combination of factors that highlight Amazon’s strong growth potential and strategic innovations. The company recently hosted a record-breaking Prime Day event and introduced significant AI advancements at the AWS Summit, which are expected to bolster its cloud services and digital advertising business. Despite facing regulatory challenges and a challenging macroeconomic environment, Amazon is poised to leverage its regional fulfillment network to drive efficiencies and growth.
White anticipates Amazon’s revenue and earnings per share for the second quarter of 2025 to meet or exceed expectations, with a projected revenue of $163.60 billion and an EPS of $1.37. This reflects an 11% year-over-year revenue growth, marking an acceleration from previous quarters. Additionally, AWS is expected to maintain steady growth, contributing significantly to Amazon’s overall performance, although it may not match the recent exceptional performance of Google Cloud. These factors collectively support White’s optimistic outlook and Buy rating for Amazon’s stock.
In another report released yesterday, Loop Capital Markets also reiterated a Buy rating on the stock with a $290.00 price target.