Raymond James raised the firm’s price target on Amazon.com (AMZN) to $280 from $225 and keeps an Outperform rating on the shares. AWS delivered slightly softer-than-expected 28% growth, but major AI partnerships and expanding agentic capabilities across models, tools, and compute significantly strengthen its long-term position, lifting RPO expectations and reinforcing AWS as a key platform for enterprise and consumer AI commercialization, the analyst tells investors in a research note.
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