Amazon.com (AMZN) PT Raised at TD Cowen as 'AWS Revenue Accelerates Further On Huge AI Growth'

TD Cowen analyst John Blackledge raised the price target on Amazon.com (NASDAQ: AMZN) to $350.00 (from $300.00) while maintaining a Buy rating.

The analyst commented: "AWS Revenue Accelerates Further On Huge AI Growth; AMZN's 1Q rev & Op. Income beat cons. estimates by 2% & 15% as all segments landed ahead of expectations. AWS accel'd to +28% y/y on a >$20BN run rate chips biz, 170% q/q Bedrock spend, and 49% q/q backlog growth. 2Q26 rev & Op Inc guides bracketed cons estimates as mgmt. left their '26 capex outlook unchanged. We raised our rev & op. inc. ests, driven largely by AWS. PT to $350, maintain Buy."

You May Also Be Interested In

• HDFC Asset Management Co Ltd (HDFCAMC:IN) PT Raised to INR3,250 at JPMorgan
• JPMorgan Starts BSE Limited (BSE:IN) at Neutral
• JPMorgan Starts Central Depository Services India Ltd (CDSL:IN) at Underweight