Phillip Securities upgraded Amazon (AMZN) to 'Buy' from 'Accumulate' after its third-quarter results and raised its price target to $330 from $320. The firm said strong demand visibility supports Amazon's aggressive capital expenditure plans, citing its model-agnostic AI strategy, custom chips and partnerships with large language model providers. Analyst Helena Wang raised the firm's fiscal 2027 revenue estimate by 2% and its adjusted net income forecast by 3%, citing strong AWS growth, and increased its capex estimate by 3%. Other firms moved differently: Morgan Stanley cut its target to $335 from $350, UBS raised it to $352 from $348, and Scotiabank lowered it to $300 from $325. According to Koyfin, 42 of 60 analysts rate the stock 'Buy' and 16 rate it 'Strong Buy'.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phillip Securities Says Amazon’s ‘Strong Demand Visibility’ Supports Aggressive Capex
Read the original on Yahoo Finance ↗
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AMZNartificial intelligencecloud computingAI investment
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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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