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from24/7 Wall St.
2 hours agoCould Amazon Really Hit $375 This Year? Here's Why It's Possible
AWS growth, chips momentum, and strong EPS contrast with share weakness driven by Berkshire exit, heavy capex, and macro sensitivity.
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.