Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com - Goldman Sachs has raised its price target on Amazon.com (NASDAQ:AMZN) to $240.00 from $220.00 while maintaining a Buy rating on the stock. The upgrade aligns with broader analyst optimism, as InvestingPro data shows 10 analysts have recently revised their earnings estimates upward, with price targets ranging from $195 to $305.
The firm highlighted several key themes from Amazon’s Q2 2025 earnings, including positive framing of the e-commerce operation despite ongoing tariff uncertainties, and focused efforts to capture market opportunities in everyday essentials and perishables. The company’s strong market position is reflected in its impressive $650.31 billion trailing twelve-month revenue and 10.08% year-over-year growth.
Goldman Sachs noted that Amazon Web Services (AWS) revenue growth exceeded their estimates in Q2, though management made no definitive statements about revenue reacceleration or updates on resolving capacity constraints that have been flagged since the second half of 2024.
The firm also pointed to continued margin improvements in both North America and International segments through network efficiencies, alongside strength in Amazon’s advertising operations driven by sponsored products, video expansion, and scale-building around the company’s demand-side platform efforts.
Goldman Sachs reiterated its constructive view on Amazon shares, expressing confidence that the company can deliver solid compounded revenue growth and operating margin expansion over multiple years while continuing to invest in long-term growth initiatives.
In other recent news, Amazon.com Inc. reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.68, exceeding the forecasted $1.32. Revenue also surpassed projections, reaching $167.7 billion compared to the anticipated $162.05 billion. These results highlight Amazon’s robust performance in the period. Additionally, the positive earnings report contributed to a rise in the company’s stock price during after-hours trading. While analyst opinions can vary, the earnings beat underscores the company’s strong market position. These developments are part of a series of recent updates for Amazon. Investors and market watchers will likely keep a close eye on Amazon’s future performance following these results.
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