Oppenheimer Boosts Amazon (AMZN) Price Target on Strong AWS Growth Outlook

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks in Focus This Week. On December 1, Oppenheimer raised its price target on the stock to $305.00 from $290.00 while maintaining an “Outperform” rating. The firm sees significant upside for AMZN through 2027 driven by structural AWS growth. AWS is planning to double its capacity through 2027 after having it doubled since 2022, with at least 1 GW to be added in Q4. Their analysis suggests an estimated $3 billion in historical revenue per incremental GW. ...