TD Cowen Bullish on Amazon's Growth, Raises Price Target to $250

TD Cowen raised its price target on Amazon.com (AMZN) to $250 from $240, maintaining a Buy rating. They anticipate Q2 2025 results to exceed expectations, with revenue and operating income expected to be 1% and 10% above consensus, driven by strength in AWS, advertising, and e-commerce. The firm also projects a strong Q3 and increased long-term revenue and profitability estimates, reflecting positive momentum. The $250 price target reflects their bullish outlook on Amazon’s growth and operational leverage.