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Amazon.com price target raised to $220 from $213 at Baird
The Fly

Amazon.com price target raised to $220 from $213 at Baird

Baird analyst Colin Sebastian raised the firm’s price target on Amazon.com (AMZN) to $220 from $213 and keeps an Outperform rating on the shares. The firm believes there were enough positives in Amazon’s Q3 report to offset any concerns around AWS growth. Importantly, AI-related demand continues to exceed capacity, and Amazon is seeing healthy cloud migrations as companies prepare to adopt more GenAI capabilities.

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