"Raymond James lifted its price target on Amazon stock to $280 from $225, maintaining its Outperform rating, citing major AI partnerships as key growth drivers."
"Amazon's Q1 2026 results showed revenue of $181.52 billion, up 17% YoY, with EPS of $2.78 versus a $1.73 estimate, indicating strong financial performance."
"AWS revenue reached $37.59 billion, the fastest growth in 15 quarters, although operating margin slipped to 38% from 40% YoY as AI infrastructure spending ramps."
Raymond James increased its price target for Amazon to $280, maintaining an Outperform rating. The firm highlights major AI partnerships and expanding capabilities as crucial for Amazon Web Services (AWS) in AI commercialization. Despite AWS's 28% growth being slightly below expectations, the fundamentals are improving. Amazon's Q1 2026 results showed significant revenue growth and record backlog. AWS revenue reached $37.59 billion, marking the fastest growth in 15 quarters, although operating margins decreased due to increased AI infrastructure spending.
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