Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Truist Securities raised its price target on Amazon.com (NASDAQ:AMZN) stock to $290.00 from $270.00 on Friday, maintaining a Buy rating following the company’s third-quarter results. The new target remains below the Street’s high estimate of $306, with Amazon shares trading near their 52-week high at $246.92, having gained nearly 20% over the past six months.
The firm cited Amazon’s "broad-based beat and raise" for the third quarter of 2025 and fourth-quarter guidance, with Amazon Web Services (AWS) highlighted as a "particular standout" in the company’s performance. The e-commerce giant, now valued at $2.63 trillion, has maintained strong revenue growth of 10.87% over the last twelve months.
AWS is experiencing a growth resurgence, with growth accelerating sequentially and exceeding 20% for the first time since 2022, according to Truist Securities’ analysis of the results.
The research firm noted Amazon is "investing aggressively in AI" and building out capacity to meet significant current demand, which should help sustain growth rates above 20% for AWS.
Truist Securities views Amazon’s advertising business as "a bright spot" that is outpacing overall industry growth as the company captures market share across both brand and direct response advertising.
In other recent news, Amazon.com has reported strong third-quarter 2025 earnings, leading to several firms raising their price targets for the company. DA Davidson increased its price target to $300, citing a notable reacceleration in Amazon Web Services (AWS) that exceeded market expectations. Similarly, TD Cowen raised its target to $300, noting that Amazon’s revenue surpassed consensus estimates by 1%, with broad outperformance across various segments. Piper Sandler also adjusted its price target to $300, highlighting better-than-expected results and maintaining an Overweight rating. KeyBanc went a step further, setting its target at $303 due to AWS’s impressive year-over-year growth of 20%. Oppenheimer raised its price target to $290, pointing out the accelerated growth in AWS and the company’s plans to significantly expand its capacity by 2027. These developments reflect a positive outlook on Amazon’s performance and growth potential, particularly in its cloud division.
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