We're Raising Our Price Target on Amazon After Its All-Around Killer Quarter

We're raising our price target on Amazon after its all-around killer quarter

The stock's April rally set a high bar heading into Wednesday's print. But the company's results resoundingly cleared it.

Amazon.com Announces First Quarter Results

SEATTLE--(BUSINESS WIRE)--Apr 29, 2026-

Amazon Q1 results highlight pharmacy expansion

SEATTLE — Amazon used its first-quarter earnings to underscore a growing emphasis on pharmacy and integrated care, even as overall results reflected broad-based strength across its businesses.Net sales rose 17% to $181.5 billion in the quarter ended March 31, while operating income increased to $23.9 billion, driven by gains across North America, international markets and AWS.Within that performance, healthcare and pharmacy, in particular, stood…