Qantas shares slide to 6-mth low as airline trims revenue outlook
Investing.com - DA Davidson raised its price target on Amazon.com (NASDAQ:AMZN) to $300 from $265 on Friday, while maintaining a Buy rating on the e-commerce and cloud computing giant. The new target represents a potential 21% upside from the current price of $247.40, with Amazon shares already trading near their 52-week high according to InvestingPro data.
The price target increase follows Amazon’s strong third-quarter 2025 earnings report, which showed a notable reacceleration in its Amazon Web Services (AWS) cloud division that exceeded market expectations. This performance contributes to Amazon’s overall revenue of $670 billion over the last twelve months, with the company maintaining an impressive 49.6% gross profit margin.
DA Davidson highlighted that this marked the first quarter since 2022 that AWS grew over 20% year-over-year, demonstrating renewed momentum in Amazon’s high-margin cloud business.
According to the research firm, Amazon management indicated they are seeing strength across core hyperscaler services and AI-services within the AWS segment.
The company is focused on adding additional compute capacity to AWS in the near future to support continued growth, DA Davidson noted in its analysis.
In other recent news, Amazon reported third-quarter 2025 revenue that exceeded consensus estimates by 1%, with notable performance across its North America, International, AWS, and Advertising segments. This positive financial outcome has prompted multiple analyst firms to adjust their price targets for the company. TD Cowen and Piper Sandler both raised their price targets to $300, maintaining a Buy and Overweight rating, respectively. KeyBanc also increased its target to $303, highlighting Amazon Web Services’ (AWS) significant growth, which accelerated to 20% year-over-year. Oppenheimer adjusted its price target to $290, noting AWS’s momentum and its plans to significantly expand capacity by 2027. Raymond James raised its price target to $275, recognizing AWS’s performance in exceeding growth expectations. These developments reflect a broad positive sentiment among analysts regarding Amazon’s recent financial performance and growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.