Amazon shares rose 0.94% to $238.88, recovering amid generally constructive analyst sentiment driven by confidence in AWS growth and expanding high-margin services.
- The median analyst price target across 36 analysts stands at $300, with TD Cowen recently setting a high target of $315.
- Growth expectations are fueled by approximately 20% year-over-year growth in AWS.
- A dissenting view emerged as Raymond James analyst Josh Beck lowered his target to $260, citing risks from AI agents disrupting e-commerce.