Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Cantor Fitzgerald raised its price target on Amazon.com (NASDAQ:AMZN) to $315.00 from $280.00 on Friday, while maintaining an Overweight rating on the e-commerce and cloud computing giant. The new target represents one of the most bullish outlooks on Wall Street, exceeding even the current analyst high target of $306, according to InvestingPro data. With a market capitalization of $2.64 trillion, Amazon continues to cement its position as a prominent player in the Broadline Retail industry.
The price target increase follows Amazon’s third-quarter results, which exceeded Street estimates with revenue 1% above expectations and EBIT (excluding FTC and severance costs) 9% higher than anticipated. The high end of Amazon’s fourth-quarter guidance also came in above prior Street estimates for both top and bottom lines. This performance builds on Amazon’s solid 10.87% revenue growth over the last twelve months, with analysts forecasting continued profitability this year.
Amazon Web Services (AWS) showed notable acceleration, growing 20% FXN, which represented a 3-point improvement and surpassed buy-side expectations. The company revised its fiscal year 2025 capital expenditure slightly higher to $125 billion and provided details on incremental capacity coming online over the next two years.
On the retail side, Amazon delivered 140 basis points of year-over-year EBIT margin expansion from continuous efficiency gains in logistics, according to Cantor Fitzgerald’s calculations excluding one-time items. The firm believes Amazon has runway to sustain margin expansion in retail over the next several quarters. InvestingPro data shows Amazon’s gross profit margin stands at 49.61%, while the company maintains a moderate debt level with sufficient cash flows to cover interest payments.
Amazon shares have underperformed the Nasdaq by 21 percentage points year-to-date, but Cantor Fitzgerald suggests the third-quarter results could set up a path for outperformance into year-end. Currently trading near its 52-week high with a P/E ratio of 37.69, Amazon is slightly above its InvestingPro Fair Value estimate. Despite this premium valuation, the company’s overall financial health score is rated as "GREAT" by InvestingPro, which offers additional insights through its comprehensive Pro Research Report available for Amazon and 1,400+ other US equities.
In other recent news, Amazon.com has garnered attention following its strong third-quarter 2025 earnings and revenue results. The company’s performance exceeded expectations, with notable growth in its Amazon Web Services (AWS) division, which has been a key driver of its success. Truist Securities raised its price target for Amazon to $290, citing the company’s broad-based beat and promising fourth-quarter guidance. DA Davidson also increased its price target to $300, highlighting the strong reacceleration of AWS as a standout factor. Similarly, TD Cowen lifted its target to $300, acknowledging Amazon’s revenue outperformance across various segments, including North America, International, AWS, and Advertising. Piper Sandler echoed this sentiment, raising its price target to $300 and noting the better-than-expected results. KeyBanc set its target slightly higher at $303, pointing to AWS’s accelerated growth as a significant contributor. These developments reflect a positive outlook from analysts, who maintain a favorable stance on Amazon’s future prospects.
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