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大行评级丨美银:上调亚马逊目标价至303美元 上调明年收入及盈利预测
Ge Long Hui· 2025-11-03 07:38
Core Viewpoint - Bank of America has raised its operating profit forecast for Amazon for the fiscal quarter ending December to $26 billion, reflecting accelerated revenue growth from Amazon Web Services (AWS), improved delivery efficiency, and leverage from retail staffing [1] Group 1: Financial Forecasts - Revenue and profit forecasts for next year have been increased from $786 billion and $97 billion to $801 billion and $101 billion, respectively [1] - Earnings per share forecast has been raised from $7.43 to $7.75 [1] Group 2: Business Performance - The quarterly results indicate that increasing AWS capacity can drive growth, with strong demand for Trainium chips supporting a positive outlook for AWS business [1] - Amazon's e-commerce business continues to show strength amid growth in retail market share [1] Group 3: Target Price and Rating - The target price for Amazon has been increased from $272 to $303, based on a projected price-to-earnings ratio of 33 times for 2027 [1] - The "buy" rating has been reaffirmed by the bank [1]