AWS AI Momentum Drives BMO to Raise Amazon Price Target to $304
- Grace N
- Jan 5
- 1 min read
BMO Capital has reaffirmed its Outperform rating on Amazon (NASDAQ: AMZN) and raised its price target to $304, citing accelerating AI-driven momentum within AWS. Based on discussions with former AWS insiders, BMO highlighted increased enterprise cloud commitments, growing adoption of AI agents, and Claude emerging as a preferred development model. The firm also pointed to Amazon’s expanded long-term investment strategy, including an additional $35 billion commitment to India by 2030, reinforcing confidence in AWS as a key growth engine.
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