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Goldman Sachs Raises Amazon Price Target To $275, Reiterates Buy
AmazonAmazon(US:AMZN) Financial Modeling Prepยท2025-10-03 18:49

Group 1 - Goldman Sachs raised its price target on Amazon.com to $275.00 from $240.00 while maintaining a Buy rating [1] - The firm views Amazon as a preferred large-cap name ahead of third-quarter earnings, focusing on the AWS cloud segment and the Advertising business [1] - Analysts project AWS could deliver over 20% top-line growth and sustain GAAP EBIT margins in the low-to-mid-30% range through the second half of 2025 and into 2026 [1] Group 2 - Goldman's outlook is supported by Amazon's revenue backlog, easing capacity constraints, and expanding AI services, including contributions from Anthropic [2] - The firm reiterated its Buy stance and updated its operating estimates, noting an upside-to-downside skew of approximately 3-to-1 from current levels [2]