After third-quarter results, analysts offered split views on Amazon (AMZN), whose shares fell 6.3% in premarket trading. TD Cowen cut its target to $340 from $350 but kept a Buy rating, calling the post-earnings selloff “overdone” as revenue beat expectations on AWS strength. Mizuho raised its target to $335 from $330 while saying AWS was slightly softer than expected, and UBS lifted its target to $352 from $348, citing AWS growth above 40% in fiscal 2027 and 2028 and a $578 billion backlog. Baird lowered its target to $300 from $310 and saw the pullback as an opportunity, while BofA cut its target to $317 from $320 as AWS growth of 39% fell short of investor expectations that were as high as 42%. Of 60 analysts covering the stock, 42 rate it Buy and 16 rate it Strong Buy, with an average 12-month target of $332.41.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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