Cantor Fitzgerald reiterates Overweight rating on Amazon stock

Investing.com - Cantor Fitzgerald has reiterated an Overweight rating on Amazon.com (NASDAQ:AMZN) stock with a price target of $280.00. The stock, currently trading near its 52-week high of $242.52, has seen 22 analysts revise their earnings estimates upward for the upcoming period. InvestingPro data shows analyst targets ranging from $225 to $306, reflecting strong market confidence in this $2.48 trillion market cap company.

The research firm maintained its positive outlook following Amazon’s announcement of a partnership with JetBlue to provide in-flight Wi-Fi services via its Kuiper satellite network beginning in 2027.

This agreement represents Amazon’s first U.S. airline deal and demonstrates significant progress toward commercialization of the Kuiper satellite network.

Amazon has already deployed 102 satellites into low Earth orbit as part of the Kuiper project’s development.

Cantor Fitzgerald noted that if upcoming satellite launches proceed according to schedule, Amazon’s constellation could expand to 450 satellites by the end of 2025, likely sufficient to initiate a commercial beta service.

In other recent news, Amazon’s earnings and revenue prospects received attention as Barclays reiterated an Overweight rating on the company, citing AI growth within Amazon Web Services (AWS). Barclays highlighted Anthropic’s contribution to AWS revenue, estimating it adds approximately 100 basis points to AWS growth in the second quarter of 2025, with potential for further increases. Additionally, an Italian administrative court reduced a €1.13 billion fine imposed on Amazon by Italy’s competition authority, although the court upheld findings of market dominance abuse.

Amazon also announced plans to extend its corporate benefits to Whole Foods employees, aiming to integrate its grocery businesses more closely by December 2026. Meanwhile, DoorDash saw positive developments as Truist Securities reiterated a Buy rating, noting that gross spending growth is exceeding expectations. Truist emphasized that year-over-year September comparisons are easing slightly, suggesting a favorable trend.

Carvana also received attention as JMP Securities reiterated a Market Outperform rating, maintaining a positive outlook on the online used car retailer. These recent developments provide investors with insights into the operational strategies and market positions of these companies.

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