Amazon.com price target raised to $300 from $240 at RBC Capital

RBC Capital analyst Brad Erickson raised the firm’s price target on Amazon.com (AMZN) to $300 from $240 and keeps an Outperform rating on the shares. The company’s Q3 print was much better-than-feared with a top and bottom-line beat, the analyst tells investors in a research note. AWS beat the 19% bogey printing 20.2% and the company raised its FY25 capex while qualitatively guiding up in FY26, the firm added.