Amazon Stock (AMZN) Rallying on Earnings: Price Targets Hiked
Amazon’s stock (AMZN) is soaring following a strong Q3 earnings report that has pushed AMZN to $251 in the pre-market, up at a new high. The surge, fueled by robust performance in Amazon Web Services (AWS) and overwhelmingly positive analyst reactions, is pushing the stock beyond previous resistance.
The catalyst for the surge was Amazon’s impressive third-quarter 2025 earnings report. The company reported a 20% increase in AWS revenue, marking the fastest growth rate in nearly three years, driven primarily by the burgeoning demand for artificial intelligence (AI) development.
Overall revenue for the quarter reached $180.2 billion, a 13% increase from the same period last year, surpassing analysts’ expectations. Furthermore, Amazon’s…
