Amazon's Third-Quarter Earnings: Analysts Weigh In

Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavily on AI, with capital expenditures soaring 81% to a whopping $22. 62 billion. Let's see what the experts have to say.

JPMorgan analyst Doug Anmuth boosted his price target to $250 per share, suggesting a potential 34% rise. He thinks Amazon is in a great spot with its lead in e-commerce and cloud services. Bank of America also raised its target, up to $230, expecting a 23% increase. Analyst Justin Post believes Amazon's AI investments and retail margins are promising. Deutsche Bank analyst Lee Horowitz set a new target at $232, noting Amazon's growth potential compared to retail peers. Lastly, Citi analyst Ronald Josey increased his target to $252, anticipating significant margin expansion.

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