The bullish analyst response to Amazon's strong second-quarter earnings, led by Benchmark's $400 price target, shows confidence in growth.
Amazon Web Services (AWS) growth accelerated to 37% year-over-year, the fastest pace in 18 quarters, while operating income of $27.5 billion beat every published estimate. Analysts pointed to a $496 billion AWS backlog, a raised $220 billion capex guide and management’s clearest AI return-on-investment framework yet as reasons to stay bullish.
AMZN stock is soaring. See the chart and price action here.
Amazon hits $271 after a killer Q2 beat, powered by AWS backlog explosion to $496B and massive AI market potential.
Amazon stock jumped 12% in premarket after Q2 revenue beat estimates at $200.6B and EPS reached $5.75 on strong AWS cloud growth.
Amazon stock eyes its best day in 11 years after AWS revenue surged 37% to $42.2 billion, driven by enterprise AI spending and…
Amazon blew past analyst estimates in its third-quarter earnings report and raised its capital expenditures forecast for the year…
Amazon.com Inc (NASDAQ:AMZN) posts financial results for the second quarter on Thursday after the closing bell.
Amazon shares surged nearly 9% after the company reported $200.6 billion in quarterly sales and its fastest AWS growth in 18…
