Rosenblatt Securities initiated coverage on Amazon.com with a "Buy" rating and a price target of $335. Rosenblatt's positive outlook stems from strong growth expectations for Amazon Web Services (AWS). The firm forecasts AWS will grow by approximately 45% in 2026.
The analyst report predicts AWS revenue could exceed $335 billion by 2028.
In separate news, General Counsel David Zapolsky plans to sell 6,172 common shares. The sale, valued at around $1.6 million, was filed under Rule 144.
Reports also link Amazon to potential acquisition talks for Decart AI, a privately held artificial intelligence company.