Citi raised the firm’s price target on Amazon.com (AMZN) to $285 from $265 and keeps a Buy rating on the shares. The firm upped estimates for Amazon Web Services citing continued AI demand following an analysis of revenue contributions from Anthropic, OpenAI, and core workloads. Citi expects AWS revenue growth of 28% year-over-year in Q1 and 29% for 2026. This should accelerate to 37% in 2027 as Amazon’s Anthropic and OpenAI partnerships ramp, the analyst tells investors in a research note.
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