Wall Street Weighs In: Amazon Price Targets Shift as Analysts Bet on AI Breakout

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.

https://www.theglobeandmail.com/investing/markets/stocks/AMZN/pressreleases/37351104/amazon-com-amzn-analysts-update-coverage/