BMO Capital analyst Brian Pitz raised the firm’s price target on Amazon.com (AMZN) to $265 from $236 and keeps an Outperform rating on the shares. The firm is anticipating accelerating 2025 AWS growth of 20% vs. prior 17% as Bedrock continues unlocking existing IT spending and incremental AI workloads, the analyst tells investors in a research note, adding that AWS’s most significant customers typically have 10%-40% of workloads in the Cloud, with the potential to arrive at 70%-80% given the ongoing innovation. In Retail, BMO states that its channel checks indicate “attractive adoption” for Amazon’s Same-Day/Next-Day offering, unlocking frequency growth and free cash flow potential.
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Amazon.com’s stock received a boost today as BMO Capital raised its price target to $265 from $236. The e-commerce giant continues to dominate the online retail space and is expected to see strong growth in the coming quarters.
With more consumers turning to online shopping, Amazon’s sales are expected to soar, driving its stock price higher. BMO Capital’s increased price target reflects their confidence in Amazon’s ability to capitalize on this trend and deliver strong financial results.
Investors are keeping a close eye on Amazon’s performance, as the company’s stock has been a top performer in recent years. With this latest price target increase, it looks like Amazon is well-positioned to continue its winning streak in the market.
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