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Investing.com - Rosenblatt Securities has reiterated its Buy rating and $305.00 price target on Amazon.com (NASDAQ:AMZN) following the company’s AWS re:Invent event. This target represents significant upside from the current price of $232.38, aligning with the broader analyst community’s bullish stance. According to InvestingPro data, 33 analysts have recently revised their earnings expectations upward for the upcoming period.
The research firm noted that while the cloud computing event featured "blocking and tackling" updates such as faster chips and updated LLMs, it followed significant announcements including Amazon’s report that October bookings exceeded third-quarter 2025 results.
Amazon recently secured a seven-year $38 billion deal with OpenAI and announced a $50 billion 1.3GW AI build-out for the U.S. government, according to Rosenblatt’s analysis.
The firm continues to view the step-up to 20% AWS growth as sustainable and supports its price target, which represents a 16x EV/EBITDA multiple of 2026 estimates, backed by a projected 20% EBITDA CAGR from 2025 to 2027.
Rosenblatt believes Amazon shares, which have gained 5.92% year-to-date, do not properly reflect the company’s cash flow growth potential and strong market position. InvestingPro analysis shows Amazon trading at a low P/E ratio (32.86) relative to its near-term earnings growth, with a favorable PEG ratio of 0.63. The company maintains a "GREAT" overall financial health score and boasts 11.48% revenue growth. Discover Amazon’s complete financial picture and 10+ additional ProTips with a comprehensive Pro Research Report, available for 1,400+ top US stocks through InvestingPro.
In other recent news, Amazon has announced plans to expand its delivery network across the United States and end its long-standing partnership with the U.S. Postal Service, as reported by the Washington Post. This move suggests that Amazon is aiming to handle more of its own delivery operations. Additionally, Amazon Web Services (AWS) introduced new AI model customization tools at the AWS re:Invent conference. These tools, including Reinforcement Fine Tuning in Amazon Bedrock and serverless model customization in Amazon SageMaker AI, are designed to enhance the accuracy and usability of AI models for developers.
Piper Sandler has reiterated its Overweight rating on Amazon, maintaining a $233.00 price target. The firm cited positive holiday shopping data and recent AWS developments as factors for this decision. Early third-party data indicated that U.S. online retail sales on Cyber Monday grew by 6.8% year-over-year, reflecting a stronger performance compared to the previous year. This aligns with Piper Sandler’s optimistic outlook on Amazon’s performance during the holiday season.
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