Amazon (AMZN) shares rose 4.3% to $250.64 at 9:48 a.m. ET on November 2 after Phillip Securities upgraded the stock from Accumulate to Buy and raised its price target to $330 from $320. In its October 29 results, AWS posted $46 billion in revenue and $17.8 billion in operating income, a 38.7% operating margin, accounting for roughly 63% of group operating income on about 23% of sales. Total revenue was $201.9 billion and operating income $28.1 billion, yet trailing twelve-month free cash flow was negative $42.4 billion. The article says cloud profitability remains substantial, but expansion is consuming cash faster than the business generates it. GuruFocus gives Amazon a GF Score of 95 out of 100, strong on growth and valuation but weaker on financial strength, and the article argues the next cash-flow statement may matter as much as AWS growth.
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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 | $2.6T |
| Close on 10/30/2026 | 240.47 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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