Amazon Climbs 5% as Upgrade Fuels Post-Earnings Rebound on AWS Strength; Walmart Rises 2%, Alphabet Edges Higher

Amazon Climbs 5% as Upgrade Fuels Post-Earnings Rebound on AWS Strength; Walmart Rises 2%, Alphabet Edges Higher

Amazon just bounced hard off earnings that missed estimates, but the debate tearing Wall Street apart has nothing to do with the quarter itself. The real question is whether AWS profits can keep pace with a spending plan that is burning cash at a pace few saw coming.

Amazon Stock Rises as Phillip Securities Upgrades to Buy, Raises Target to $330

Amazon (NASDAQ: AMZN) shares rose 1% to $242.79 in Monday's premarket trading as Phillip Securities upgraded the stock from Accumulate to Buy and increased its price target from $320 to $330 following the company's third-quarter earnings. Analyst Helena Wang cited accelerating growth at Amazon Web Services (AWS), where third-quarter revenue increased 39.3% year-over-year to approximately $46 billion.Visit Website

Amazon Stock Price Target Raised To $330 By Phillip Securities

Phillip Securities raises Amazon’s stock price target to $330, citing strong AWS growth, AI investments, and long-term revenue potential.

Phillip Securities Raises Amazon Price Target to $330, Upgrades Rating

Helena Wang raised fiscal 2027 revenue, adjusted profit and capital expenditure estimates by 2%, 3% and 3%, respectively, as AWS sales grew 39.3% year over year.