TD Cowen Raises Amazon (AMZN) Target to $250 on Growth
Analyst John Blackledge from TD Cowen reiterated a “Buy” rating on Amazon (AMZN) and raised the price target to $250.00 from $240.00 on July 8. He anticipates Amazon’s second-quarter results to surpass market expectations, driven by growth in AWS, advertising, and e-commerce segments, with strong guidance for Q3 2025.
With investments in generative AI infrastructure, AWS is expected to see increased revenue growth. Amazon’s e-commerce business is also projected to maintain momentum with factors like record delivery speeds, rural market expansion, and an extended Prime Day event.
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Read more at Yahoo Finance: TD Cowen Remains Bullish on Amazon (AMZN) With $250 Target on AI and Retail Tailwinds