"Amazon is currently in the spotlight as top Goldman Sachs analyst Eric Sheridan has raised his price target for the company to $275, maintaining a strong Buy rating. Sheridan highlights Amazon's leadership in e-commerce, digital advertising, and cloud computing, with a particular focus on the potential growth of Amazon Web Services (AWS) and the advertising segment. He anticipates AWS to achieve over 20% top-line growth and maintain robust EBIT margins by 2025-2026."
"In other news, Amazon is undergoing internal changes as Rob Williams, Vice President of Device Software and Services, plans to retire at the end of the year. His departure is significant as he was part of Amazon's exclusive S-team. Meanwhile, Amazon founder Jeff Bezos has commented on the current AI market, describing it as an 'industrial bubble' similar to past tech bubbles."
Goldman Sachs analyst Eric Sheridan raised his price target for Amazon to $275 and maintained a Buy rating. Sheridan cited Amazon's leadership in e-commerce, digital advertising, and cloud computing. AWS is expected to deliver over 20% top-line growth and sustain robust EBIT margins by 2025–2026. Amazon's advertising business is forecast to grow at a 16% compound annual growth rate from 2024 to 2028. Rob Williams, Vice President of Device Software and Services, plans to retire at year-end, marking a notable leadership change. Jeff Bezos described the current AI market as an 'industrial bubble' but said AI will have a lasting industry impact. Wall Street consensus remains Buy with price targets implying near 20% upside.
Read at TipRanks Financial
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