Wall Street Weighs In: Amazon Price Targets Shift as Analysts Bet on AI Breakout
- Grace N
- 1 hour ago
- 1 min read
As Amazon approaches its critical Q4 earnings report, major financial analysts have updated their coverage, presenting a mix of bullish optimism and calculated caution. While Bank of America slightly lowered its price target to $286 citing recent restructuring, other heavyweights like Oppenheimer and Goldman Sachs raised their targets to $315 and $300, respectively. The consensus remains a "Strong Buy," with Wall Street largely looking past the 16,000 job cuts to focus on the potential windfall from Amazon's massive $35 billion investment in AWS and artificial intelligence infrastructure.
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