BMO Capital lowered the firm’s price target on Amazon.com (AMZN) to $235 from $280 and keeps an Outperform rating on the shares. Cloud demand softened in March, and given the fluid macro and reduced visibility, the second half of 2025 is “increasingly uncertain”, the analyst tells investors in a research note. While AWS remains best-positioned to benefit from the $5T total addressable market opportunity, BMO is reducing its AWS growth estimates for Q1 to 19% from 20% and its growth estimates for 2025 to 18% from 20%, the firm adds.
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