Amazon.com Inc. (AMZN) Receives Analyst Upgrades Due to Strong AWS and AI Demand
Amazon.com Inc. (AMZN) has received analyst upgrades, with Cantor Fitzgerald raising its price target to $280.00 and maintaining an 'Overweight' rating, citing strong AWS growth and AI demand. The firm expects a strong first-quarter performance, driven by increased demand from AI labs and supply unlocks, with AWS backlog growth projected to exceed $450B by mid-2026.
Topics: AI Amazon Analyst Upgrade AWS Stock Performance