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Wedbush Raises Amazon Price Target to $280 on Cloud and Retail Strength

Wedbush Raises Amazon Price Target to $280 on Cloud and Retail Strength

Author:

Global Cryptocurrency

Published:

2025-10-24 21:21:02

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Wedbush analyst Scott Devitt increased Amazon's price target from $250 to $280, maintaining a Buy rating ahead of its Q3 earnings report. The adjustment reflects confidence in AWS's long-term growth despite recent slowdowns, bolstered by a robust cloud backlog and aggressive data center investments.

Retail momentum and advertising gains further support the bullish outlook. Devitt projects Q3 revenue at $179.37B, surpassing consensus estimates. Catalysts include cost-cutting automation initiatives and potential monetization of Project Kuiper, the satellite internet venture.

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