Mizuho raises Amazon stock price target to $335 on AWS growth
Mizuho raised Amazon's price target to $335 from $330, citing AWS growth and undervaluation. Shares fell 8% after-hours due to softer AWS growth. AWS revenue grew 39% YoY to $46B. Amazon reported $201.9B Q3 revenue, below estimates, and $28.1B profit, above estimates. Analysts have mixed reactions to AWS growth and future projections.
How this was made
The 30-second read
Why it matters
The consensus upgrade may prompt short covering and new buying, especially in momentum‑focused funds.
Market read
Amazon's stock could see modest upside as the target raise reinforces bullish sentiment.
What to watch
High capital expenditures and negative free cash flow could temper enthusiasm.
Background
The article aggregates multiple analyst price target revisions following Amazon's Q3 results and AWS performance.
Ticker impact
Mizuho raised its price target on Amazon to $335, citing AWS growth and a 36% upside potential.
likely upward pressure as investors price in the higher target.
Target increase from $330 to $335 signals fresh positive conviction; no new earnings data, but the upgrade itself can move the stock.
Market effects
AWS outlook may lift other cloud providers and related tech stocks.
U.S. large‑cap tech sector could see modest gains.
Limited to investors tracking major U.S. tech equities.
Counterpoint
Some analysts lowered targets, indicating mixed views on AWS growth sustainability.
Key entities
- companyAmazon.com Inc.
U.S. e‑commerce and cloud services giant.
- analystMizuho
Investment bank that raised the price target.
