Amazon posted mixed Q3 results after Thursday's close: earnings per share of $1.89 and revenue of $201.9 billion fell short of Bloomberg analyst consensus ($1.97 and $202.25 billion), while AWS revenue rose 39% year over year to $46.0 billion, beating expectations, and operating income topped the company's own estimates. Amazon shares fell more than 7% in premarket trading on Friday but pared those losses during the session. CEO Andy Jassy said the company expects AWS growth above 40% in 2027 and 2028, and Amazon projected potential AWS revenue of $1 trillion over the next 5 to 10 years. Analysts were largely positive: BofA kept its Buy rating and cut its price target to $317 from $320, TD Cowen kept Buy and lowered its target to $340 from $350, and Evercore ISI reiterated Buy with a $355 price target.
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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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