Amazon.com price target raised to $275 from $235 at Jefferies

Jefferies raised the firm’s price target on Amazon.com (AMZN) to $275 from $235 and keeps a Buy rating on the shares. The company’s over 50% cloud market share supports strong artificial intelligence revenue potential over time, the analyst tells investors in a research note. The firm believes Amazon has significantly improved its AI offerings over the last year, “pulling a similar playbook” to what it did in cloud, enabling customer choice. Jefferies increased the price target as part of a 225-page analysis of the top five software AI debates for 2025.