Raymond James initiates QXO stock with Outperform rating on acquisition strategy
Investing.com - Barclays has reiterated an Overweight rating on Amazon.com (NASDAQ:AMZN) with a price target of $275.00, according to a research note published Thursday. The stock currently trades at $225.99, with analysts maintaining a strong buy consensus and targets ranging from $225 to $306. According to InvestingPro data, 22 analysts have recently revised their earnings expectations upward.
The investment firm analyzed Amazon Web Services (AWS) AI versus non-AI workload growth, with particular focus on Anthropic’s contribution to AWS revenue. Barclays estimates that Anthropic currently adds approximately 100 basis points to AWS growth in Q2 2025, with potential to increase to 400 basis points per quarter once Claude 5 training and existing inference revenues are fully operational. This growth potential adds to Amazon’s already impressive 10.87% year-over-year revenue growth and $2.41 trillion market capitalization.
Barclays projects that Anthropic’s API business will generate around $1.6 billion in inference revenue for AWS in 2025 as Anthropic’s annual recurring revenue increases from $1 billion to $9 billion throughout the year. This projection assumes Anthropic continues conducting most of its training on AWS infrastructure.
The analysis notes potential challenges to this revenue stream, including Cursor’s recent switch to OpenAI’s GPT-5 API as its default and reported difficulties accessing Anthropic models through AWS Bedrock, suggesting possible strain in the AWS-Anthropic relationship.
Barclays highlights that a small number of major AI labs, primarily OpenAI and Anthropic, are currently generating the majority of AI revenue for hyperscalers, while the broader deployment stage that Amazon referenced in its recent conference call has not yet materialized in 2025.
In other recent news, DoorDash has received a reiterated Buy rating from Truist Securities, with a price target set at $326. Truist highlighted that DoorDash’s growth in gross spending is surpassing Street expectations as of late August, with year-over-year comparisons for September easing slightly. Meanwhile, Amazon’s fine in Italy, initially set at €1.13 billion, has been reduced by an administrative court, although the main findings of market abuse were upheld. Additionally, Amazon announced plans to extend its corporate benefits to Whole Foods employees, aiming for full alignment by December 2026, while maintaining in-store discount perks during the transition.
In the automotive sector, Carvana’s stock rating was reiterated as Market Outperform by JMP Securities, with a price target of $460. Despite challenges in the automotive e-commerce space, JMP maintains a positive outlook on Carvana . Furthermore, Amazon’s stock price target was raised to $285 by Citizens JMP, maintaining a Market Outperform rating, with observations pointing to significant disconnects in Amazon’s automotive marketplace operations. These developments reflect ongoing strategic adjustments and market assessments across these companies.
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