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from24/7 Wall St.
1 day agoAmazon Will Join The $3 Trillion Club on This Date
Amazon is near $3 trillion market cap, with $280 as the implied price, driven by EPS growth and AWS momentum despite heavy AI capex and debt.
Amazon is currently in the spotlight as top Goldman Sachs analyst Eric Sheridan has raised his price target for the company to $275, maintaining a strong Buy rating. Sheridan highlights Amazon's leadership in e-commerce, digital advertising, and cloud computing, with a particular focus on the potential growth of Amazon Web Services (AWS) and the advertising segment. He anticipates AWS to achieve over 20% top-line growth and maintain robust EBIT margins by 2025-2026.