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Amazon.com price target raised to $236 from $230 at BMO Capital
The Fly

Amazon.com price target raised to $236 from $230 at BMO Capital

BMO Capital raised the firm’s price target on Amazon.com (AMZN) to $236 from $230 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s AWS AI revenue is growing triple-digit as customers adopt Trainium/Inferentia for AI cost savings, Bedrock for access to premium LLMs, and Amazon Q for productivity and revenue enhancements, the analyst tells investors in a research note. BMO adds that Amazon’s ongoing rollout of Same-Day buildings with lower CAPEX vs. fulfillment centers and improving customer experience levels will unlock Retail free cash flow in 2025 and beyond.

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