Amazon stock target raised at Truist on expected beat and raise quarter

Investing.com -- Truist analysts raised their price target on Amazon (NASDAQ: AMZN) shares to $250 from $226 in a note Wednesday, maintaining a Buy rating on the stock.

The firm cited expectations for a second-quarter earnings beat and a potential guidance raise for the third quarter as its reason for raising its target for the stock.

Ahead of Amazon’s results, Truist said it remains constructive on the stock, calling Amazon “a share gainer and a long-term winner across eCommerce, Advertising, Cloud and Logistics.”

“We expect AMZN to report stronger than expected 2Q25 results driven by a resilient NA consumer virtually unaffected by the macro or tariffs so far, and by favorable FX on a weakening US$,” wrote the analysts.

Higher order frequency and average selling prices (ASPs) are also contributing to growth, according to Truist’s analysis.

The firm now expects second-quarter revenue of $164.2 billion, up 11% year over year, which is ahead of consensus at $162 billion and at the high end of Amazon’s own guidance.

Truist also raised its North America revenue forecast to $99.6 billion, versus the consensus estimate of $97.2 billion. International revenue is forecast at $33.85 billion, slightly ahead of previous expectations, thanks to foreign exchange tailwinds.

Truist believes FX, initially expected to be a 10-basis-point headwind, may now turn into a modest tailwind, particularly helping Q3 results. On the bottom line, the firm expects operating income of $17.4 billion, representing a 10.6% margin and surpassing the $16.7 billion consensus.

“While the macro remains uncertain, we believe that sustaining 2Q trends into 3Q should lead to a guide that’s slightly above current consensus,” the analysts concluded.

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