BofA Securities on Amazon.com (AMZN): 'AWS growth and opportunity to support stock'
BofA Securities analyst Justin Post reiterated a Buy rating and $210.00 price target on Amazon.com (NASDAQ: AMZN)
The analyst comments "We expect a mixed 3Q, retail in line and AWS beat, with some possible pressure on 3P fees. Near-term, Street guidance concerns could help stock if outlook doesn’t surprise and, medium-term, exposure to accelerating AI-driven cloud demand is the top reason to own Amazon. Also retail margin growth could reaccelerate in 2H’25 if mix shift to consumables normalizes. As a cloud and US Online retail leader, we see the stock as attractively valued at 28x our lower-than-Street 2026 EPS, which compares to Walmart at 27x (using 1/27 year-end) and Microsoft at 28x (using 6/26). Maintain Buy rating."
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Shares of Amazon.com closed at $184.71 yesterday.