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Investing.com - BMO Capital has reiterated its Outperform rating and $300.00 price target on Amazon.com (NASDAQ:AMZN), a $2.45 trillion market cap giant trading at a P/E ratio of 32.3, following the AWS re:Invent 2025 conference.
The firm highlighted that the conference was heavily focused on agents, with the most significant announcement being the launch of three new agents designed to redefine software development, maintenance, and monitoring. This aligns with strong analyst sentiment, as 33 analysts have revised their earnings upwards for the upcoming period according to InvestingPro data.
BMO Capital noted that AWS continues to enhance its full-stack approach with Trainium3 becoming generally available, which brings improvements in compute, memory bandwidth, and price performance.
According to the firm’s cloud expert event, AWS is well positioned to accelerate to mid-20% growth into the first half of 2026, supported by onboarding incremental capacity and ongoing VMware migrations.
BMO Capital maintained Amazon as a Top Pick, stating that AWS continues to meaningfully close the AI gap with competitors. InvestingPro analysis suggests Amazon is currently slightly undervalued, with analyst targets ranging from $245 to $360. Discover more insights and 10+ additional ProTips in the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Amazon has been the focus of several notable developments. Amazon’s financial performance remains a key topic, with Evercore ISI reiterating its Outperform rating and a $335 price target, emphasizing sustainable growth in AWS revenue. KeyBanc also maintained an Overweight rating with a $303 price target, highlighting Amazon’s flexibility in AI offerings as a positive aspect. Similarly, Goldman Sachs reiterated its Buy rating and a $290 price target, citing Amazon’s strategic positioning in AI and machine learning as discussed at the AWS re:Invent conference.
Additionally, Amazon has agreed to pay €180 million to settle a tax dispute with Italian authorities, which involves an investigation into tax fraud and labor practices. The company’s Italian transport division will also modify its algorithm for monitoring delivery drivers. In a strategic move, Zilliz has selected Amazon Web Services as its cloud provider to enhance its vector database solutions, benefiting from AWS’s infrastructure across multiple global regions. These developments reflect Amazon’s ongoing efforts in expanding its cloud services and addressing regulatory challenges.
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