Amazon(US:AMZN) 智通财经网·2026-02-06 13:20Core Viewpoint - Following Amazon's update on capital expenditure guidance, which led to a decline in its stock price, Wall Street analysts quickly defended their bullish stance on the company [1] Group 1: Analyst Ratings and Price Targets - Bank of America maintains a "Buy" rating on Amazon but lowers the target price to $275, emphasizing that capital expenditure return rates are the primary driver of stock performance [1] - Morgan Stanley keeps its "Overweight" rating and $300 target price unchanged, highlighting accelerated growth in AWS and ongoing efficiency improvements in retail [1] - Royal Bank of Canada reaffirms its "Outperform" rating and $300 target price, noting that Amazon remains one of the most undervalued large-cap stocks in the tech sector [1] - Wedbush Securities maintains an "Outperform" rating but lowers the target price to $300, suggesting that management's guidance may be conservatively optimistic [1] Group 2: Financial Expectations and Insights - Analysts express optimism about Amazon's financial outlook, with adjustments made to revenue forecasts due to an increase in AWS revenue guidance [1] - There is a slight downward adjustment in EBIT and EPS expectations due to cost optimization in the low Earth orbit satellite project, alongside a moderate reduction in free cash flow expectations due to increased capital expenditure [1] - Analysts identify structural opportunities for sustainable profit margin improvement, including enhanced fulfillment network efficiency and a shift towards higher-margin AWS cloud services and advertising [1] Group 3: Stock Performance - As of the report, Amazon's stock price fell over 8% in pre-market trading, reaching $204.88 [1]