Home Business Amazon.com’s price target is increased from $236 at BMO Capital to $265

Amazon.com’s price target is increased from $236 at BMO Capital to $265

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Amazon.com’s price target is increased from 6 at BMO Capital to 5

https://www.tipranks.com/news/the-fly/amazon-com-price-target-raised-to-265-from-236-at-bmo-capital

BMO Capital analyst Brian Pitz boosted the company’s numbers price target on Amazon.com (AMZN) from $236 to $265 and maintains an Outperform rating on the stock. The company expects AWS growth to accelerate to 20% by 2025 versus 17% previously as Bedrock continues to unlock existing IT spend and incremental AI workloads, the analyst tells investors in a research note, adding that the AWS’s key customers typically have 10% to 40% of workloads in the cloud, with the potential to reach 70%-80% given continued innovation. In Retail, BMO says its channel controls indicate “attractive adoption” for Amazon’s Same-Day/Next-Day offering, unlocking frequency growth and free cash flow potential.

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