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Top Analyst Bullish on Amazon (AMZN) Ahead of Earnings, Cites AWS Growth Potential

Top Analyst Bullish on Amazon (AMZN) Ahead of Earnings, Cites AWS Growth Potential

Author:

Global Cryptocurrency

Published:

2025-10-23 01:42:02

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BTCCSquare news:

Benchmark analyst Daniel Kurnos has labeled Amazon stock a "must add" ahead of its Q3 earnings report, predicting a potential 19% upside to $260. While AMZN has lagged behind other Magnificent Seven tech stocks this year, Kurnos believes AWS reacceleration to 20% YoY growth could serve as the catalyst for a rally.

The cloud computing segment remains the focal point, with Wall Street awaiting signs of renewed momentum in AWS. "The tide will turn sooner rather than later," Kurnos noted, maintaining his Buy rating despite Amazon's underperformance relative to mega-cap peers.

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