Roth Capital analyst Rohit Kulkarni raised the firm’s price target on Amazon.com (AMZN) to $295 from $270 and keeps a Buy rating on the shares ahead of its Q4 results next week. The Street is underestimating margin relief from Q4 layoffs and likely additional layoffs in Q1 of FY26, while the near-term events around Trainium 3 launch, Rufus impact on commerce conversions, and incrementally greater color clarity on the AWS-OpenAI relationship could help change the AI narrative, the analyst tells investors in a research note. Roth adds that Amazon is the firm’s top Mega Cap pick for the first half of 2026.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- VTI ETF Sees $1B Inflows — Are Investors Turning More Bullish?
- Is Micron (MU) the Next Trillion-Dollar AI Chip Stock? A Five-Star Investor Weighs In
- Amazon Stock Divides Investors as AI Bets Soar
- Barton Investment Management Cuts Amazon.com Position by 7,011 Shares
- Capex Moves Into Focus Ahead of Amazon’s (AMZN) Earnings Call