Amazon rises sharply after profit beat on AWS rebound, AI-fueled growth
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Mizuho on Amazon.com (AMZN): 'We view the OpenAI deal validating the long-term opportunity for AWS'
November 3, 2025 12:02 PM ESTMizuho analyst Lloyd Walmsley reiterated an Outperform rating and $300.00 price target on Amazon.com (NASDAQ: AMZN).
The anlayst comments "We view the OpenAI deal validating the long-term opportunity for AWS to more fully participate in GenAI infrastructure demand, which should drive estimates upside and multiple expansion for AMZN shares. AMZN is our top pick in the Internet space. Our PT is $300, with $350 in our Bull Case, predicated on faster top line at AWS and a 35x PE/ on '27 (vs 3 / 5-year avg of 31x / 37x). Key Terms to... More
