Wall Street analyst sets Amazon stock price target for 12 months

Amazon stock target raised by Morgan Stanley, UBS ahead of Q3 results; what are the key catalysts? Know here

Morgan Stanley and UBS raised their Amazon price targets ahead of Q3 results, citing accelerating AWS growth, AI opportunities and improving efficiency. Their optimism is tempered by rising AI infrastructure spending, which could weigh on free cash flow even as cloud profitability strengthens.

UBS Raises Amazon Price Target to $348 Ahead of Earnings Call

UBS kept its Buy rating as it lifted the target from $318. The new target is about 40% above the $249.09 reference price listed for Oct. 26.

AMZN Price Prediction: Futures Contract Slides Below All Moving Averages as UBS Lifts Equity Target to $348

Amazon's Binance-listed tokenized stock contract is quoted at $249.57, trading below every tracked moving average in a uniform bearish alignment, while the underlying NASDAQ equity attracted a fres... (Read More)

Wall Street analyst sets Amazon stock price target for 12 months

On Monday, October 26, UBS analyst Stephen Ju assigned a ‘Buy’ rating to Amazon (NASDAQ: AMZN) stock, while also increasing his 12-month price target from $318 to $348. According to the note, the decision to forecast a 40.08% upside from $248.43 at press time rather than the previous 28% was largely rooted in the Amazon Web Services (AWS) margin increase expectations. Specifically, the Wall Street analyst explained that strong incremental revenu…