Amazon Gets a Double Upgrade From BofA and KeyBanc Ahead of Earnings: Is $325 the New Floor?

Amazon Gets a Double Upgrade From BofA and KeyBanc Ahead of Earnings: Is $325 the New Floor?

The post Amazon Gets a Double Upgrade From BofA and KeyBanc Ahead of Earnings: Is $325 the New Floor? appeared first on 24/7 Wall St.. Quick Read Amazon (AMZN) received price target increases from BofA to $298 and KeyBanc to $325 ahead of Q1 earnings, with both firms forecasting AWS growth accelerating to 28-30% from Q4’s 24%, while the company’s custom chip business (Trainium and Graviton) generates over $10 billion in annual revenue run rate…

Amazon (AMZN) Stock Target Raised to $325: KeyBanc Sees 30% Upside Ahead

Quick Overview KeyBanc upgraded Amazon’s price objective from $285 to $325, suggesting approximately 30% potential gains from present trading levels. Justin Patterson, the firm’s analyst, highlighted AWS expansion accelerating toward ~30% as the primary catalyst. Additional growth catalysts include AI momentum via Anthropic, sustained grocery segment performance, and the Amazon Leo satellite initiative. Short-term concerns around profitability …

Wall Street sets Amazon stock price target ahead of April 29 earnings

After declining approximately 8% in the first quarter (Q1), Amazon (NASDAQ: AMZN) joined numerous other stocks in an April rally that took the e-commerce and technology equity roughly 18% higher from $209.77 at the beginning of the month to $248.56 at press time. Amazon stock price YTD chart. Source: Finbold Despite the momentum, AMZN remains at risk of a correction, considering that the Iran ceasefire – a major tailwind across the market – appe…