Amazon.com (AMZN) PT Raised to $275 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised the price target on Amazon.com (NASDAQ: AMZN) to $275.00 (from $260.00) while maintaining a Outperform rating.

The analyst comments: "We remain bullish ahead of 1Q results and are increasing our target to $275 (was $260), with AMZN shares now starting to reflect the improving outlook for AWS after annual CEO letter. While we forecast '26/'27 AWS revenue +29%/+30%, we see potential upside to +42%/+44% if capex is deployed in linear fashion and revenue/GW holds at historical levels. Meanwhile, advertising trends remain healthy, but expected to slow vs. FY25. While we expect AMZN to continue focusing on e-commerce margin improvements globally, higher fuel costs could weigh on near-term results. We note that investors were disappointed with 4Q margin guide. Shares now trading at 27x '27 PE vs. peers 23x and WMT at 45x, the discount to WMT widening since early 2025."

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