Wolfe Research maintained its outperform rating on Amazon and raised its price target to $320 from $315, implying nearly 26% upside from Tuesday’s closing price. The firm remains optimistic on Amazon’s competitive position as a hyperscaler, driven by several AI-linked initiatives, notably Amazon Bedrock, a cloud service enabling developers to build generative AI applications. Wolfe Research estimates Bedrock margins will surpass 50% in 2027. In the near term, strong demand for generative AI should offset headwinds across several other Amazon businesses, according to the analyst. Wall Street consensus aligns with this view: 62 out of 66 analysts tracked by LSEG rate the stock a buy or strong buy, with the shares up nearly 20% over the past six months.
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