Guggenheim Bullish on Amazon: $300 Target Amid Cloud and Retail Strength
Guggenheim initiated coverage of Amazon with a $300 price target, citing robust holiday sales and manageable tariff impacts. Analysts highlight AWS’s $33 billion Q3 revenue as a key growth driver, with cloud competition against Microsoft Azure and Google Cloud remaining a focal point.
Warehouse automation and margin expansion are critical to long-term performance. The company’s $35 billion India investment underscores its aggressive logistics and cloud positioning, while grocery delivery now spans 2,300 U.S. cities.
‘The majority of our coverage operates at gross margin peaks,’ noted Guggenheim, emphasizing overlooked operational efficiency. AWS’s AI capabilities and retail momentum are expected to sustain bullish sentiment.