Wolfe Research Raises Amazon (AMZN) Price Target as AWS Business Gains from AI and Data Center Investments

Group 1 - Amazon.com Inc. (NASDAQ:AMZN) is considered one of the best FAANG+ stocks to invest in, with Wolfe Research raising its target price to $255 from $250 while maintaining an Outperform rating [1] - Wolfe Research anticipates annual revenue growth of approximately 30% for Amazon over the next three years, surpassing Wall Street's forecast of about 25% [1] - The growth in AWS is attributed to increased demand for AI computing and collaboration with major corporations, with Anthropic projected to generate around $15.2 billion in AWS-related revenue by 2026 [2] Group 2 - AWS is expected to benefit from increased data center capacity and consistent growth in traditional cloud services, with Amazon projected to add approximately 6 gigawatts of computing capacity per year in 2026 and 2027 [3] - Amazon operates in the retail sale of consumer products, advertising, and subscription services through both online and physical stores, divided into three segments: North America, International, and AWS [4]