Analysts Raise Amazon Price Target to $295 Amid AWS and AI Growth
Amazon's third-quarter results have silenced skeptics as its cloud division, AWS, posted a 20% year-over-year revenue surge to $33 billion—the fastest growth rate since 2022. The rebound in AWS, coupled with strong advertising performance, has prompted over 40 Wall Street analysts to lift price targets, with a consensus bullish outlook.
The cloud unit now accounts for 18% of total sales and delivers a 34.6% operating margin, dwarfing Amazon's broader profitability. This resurgence cements AWS as the company's primary growth engine, with AI-driven demand playing a pivotal role in the reacceleration.