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TD Cowen Analyst Bullish on Amazon (AMZN) Despite AWS Growth Lag
TD Cowen Analyst Bullish on Amazon (AMZN) Despite AWS Growth Lag
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Amazon's stock (AMZN) has underperformed the S&P 500 and mega-cap peers like Alphabet and Meta, with only a 1.1% year-to-date gain. Tariff pressures and slower AWS growth compared to cloud rivals have weighed on sentiment. Yet, TD Cowen's top analyst John Blackledge remains bullish, projecting a Q3 earnings beat and solid Q4 guidance.
Wall Street expects Q3 EPS of $1.56 (up 9.1% YoY) and revenue growth of 12% to $177.7 billion. Blackledge anticipates AWS growth acceleration in H2 2025, potentially reversing the current underperformance. His $255 price target reflects confidence in Amazon's e-commerce and advertising segments firing on all cylinders.
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