Analyst John Blackledge from TD Cowen reiterated a Buy rating on Amazon and increased the price target to $250.00 from $240.00.
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John Blackledge’s rating is based on Amazon’s expected performance in the upcoming quarters. He anticipates that Amazon’s results for the second quarter of 2025 will surpass market expectations, with revenue and operating income forecasts being slightly above consensus estimates. This optimism is driven by continued growth in Amazon Web Services (AWS), advertising, and eCommerce segments.
Furthermore, Blackledge expects Amazon to provide a strong guidance for the third quarter of 2025. He predicts that AWS will experience an acceleration in year-over-year revenue growth as AI capacity constraints ease, thanks to recent investments in generative AI infrastructure. Additionally, the eCommerce business is expected to maintain its momentum due to factors like record delivery speeds, strength in everyday essentials, rural market expansion, and an extended Prime Day event. The advertising business is also projected to continue gaining market share, contributing positively to Amazon’s overall margins.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $250.00 price target.