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UBS says AWS profits could soar, Amazon's Q3 report on Oct 29 will test this bullish view.

28 Oct 2026, 18:04 WIB
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Bullish
UBS says AWS profits could soar, Amazon's Q3 report on Oct 29 will test this bullish view.

UBS believes Wall Street underestimates the profitability potential of Amazon Web Services (AWS) for 2027. Amazon's Q3 earnings report on October 29 will be crucial to confirm if AWS can maintain its rapid growth and high margins amid heavy spending on capacity. AWS showed strong revenue growth of 37% last quarter and a 39.4% operating margin, with a $496 billion backlog and significant AI business potential. While Amazon's stock has been relatively flat recently, UBS maintains a buy rating with a price target of $328.35, highlighting AWS margins as key to the stock's future performance.

Amazon's stock trades at USD 252.43 on Pluang as of Oct 28, 2026 22:21 WIB, down 0.26% in the last day. The stock holds a market cap of $2.73 trillion and a 52-week high of $284.02. Pluang users show strong interest, with 77% of orders to buy and a typical hold time of 128 days.

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