Amazon ad and grocery growth could offset cloud slowdown

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Go back to Amazon ad and grocery growth could offset cloud slowdown

Wolfe on Amazon.com (AMZN): 'We are raising our OI ests by 3.5% in FY’26'

October 28, 2025 6:14 AM EDT

Wolfe Research analyst Shweta Khajuria reiterated an Outperform rating and $270.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "We are raising our OI estimates by 3.5% in 26 post our deep dive analysis on the impact of automation + retrofitting legacy FCs on Amazons hiring needs. We see $2B/yr in... More