Piper Sandler Raises Amazon (AMZN) Price Target as AWS Growth Reaccelerates
Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks on the Market’s Radar. On October 31, Piper Sandler raised its price target on the stock to $300 from $255 and kept an “Overweight” rating on the shares.
The rating affirmation follows Amazon’s third-quarter 2025 results which were “better than expected and above negative buyside sentiment.”
AWS growth has picked back up to 20% y/y with more power capacity expected to double by 2027. Operating income also beat the high end of guidance excluding one-time charges.
The firm believes that Amazon “appears on the cusp of an AI product cycle,” while it continues to cut down costs.
“3Q25 Wrap: AWS Is Back On Track; 3Q results were better than expected…
