Amazon: Stifel lifts price target after upbeat Q3, stronger AWS growth By Investing.com
Update: 2025-10-31
Description
Amazon's Q3 results showcased significant growth in cloud and advertising, leading Stifel analysts to raise their price target for Amazon shares to $295 and maintain an Outperform rating. AWS, Amazon's cloud service, experienced its fastest growth since 2022, outpacing competitors Microsoft and Google. The company's profit margins also exceeded expectations. Looking ahead, Amazon plans to increase spending by 6% above analyst predictions to bolster AI tech and Trainium chips, indicating a strong bet on AI and cloud services. With positive outlooks from management and analysts, Amazon appears well-positioned for growth during the holiday season and beyond.
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