Why KeyBanc Remains Bullish on Amazon (AMZN) After AWS re:Invent

Core Viewpoint - Amazon.com, Inc. is recognized as a significant player in the AI sector, with a positive outlook from analysts following the AWS re:Invent event, indicating strong confidence in AWS's growth and AI potential [1][2]. Group 1: Analyst Ratings and Price Target - KeyBanc analyst Justin Patterson has reiterated an "Overweight" rating on Amazon's stock with a price target of $303.00, reflecting optimism about AWS's momentum and long-term AI growth [1]. - The forecast includes a projected growth rate of +21% year-over-year into 2026, supported by increasing capacity at AWS [2]. Group 2: AWS Performance and Customer Feedback - Recent customer feedback indicates an improvement in the reception of AWS, highlighting the importance of offering flexible AI solutions [2]. - Amazon's strategy includes enhancing its AI offerings, which encompasses both models and silicon deployments, contributing to its competitive edge in the market [1].