Phillip Securities upgraded Amazon's stock rating to "Buy" from "Accumulate" and raised its price target from $320 to $330, driven by confidence in Amazon Web Services (AWS) and AI capabilities. The firm increased its 2027 revenue and net income forecasts due to stronger AWS growth and raised capital expenditure estimates to support infrastructure investments. Despite some pressure on free cash flow, these investments aim to strengthen Amazon's market leadership and create barriers for competitors. The new target aligns with Wall Street's bullish outlook, although some analysts have slightly lowered their price targets following recent quarterly results that showed mixed AWS growth performance.
Amazon's stock price on Pluang is USD 242.69 as of Nov 02, 2026 17:02 WIB, showing a 1-day gain of 0.98%. The stock's market cap stands at $2.60 trillion, reflecting its significant size in the consumer cyclical sector. Despite the analyst's raised price target, Amazon's current price remains below its 52-week high of $284.02 on Pluang.
Amazon is considered a strong buy due to accelerating growth in its AWS cloud business and strategic investments in AI, including a stake in Anthropic. AWS has a $578 billion backlog and is sold out through 2027, providing strong long-term revenue vi...
Amazon's stock fell after its Q3 earnings showed revenue and EPS slightly below estimates, and guidance for Q4 sales was also cautious. However, Jim Cramer recommends buying the stock, highlighting strong growth in Amazon Web Services (AWS), which po...
Amazon reported a 61% year-over-year increase in operating income for Q3, fueled by strong retail operating leverage and improvements in fulfillment efficiency. AWS revenue growth accelerated to 39%, with operating income up 55%, supported by a $578 ...
Microsoft stands out among major tech companies by maintaining disciplined free cash flow and showing strong core software performance despite increasing capital expenditures. Meanwhile, AI-focused giants Amazon, Google, and Meta are aggressively exp...
Amazon filed for an $80 billion secured loan facility, using its data center equipment as collateral, marking a new financing approach for the company. This move reflects the growing cash demands of AWS expansion, as capital expenditures are expected...
