I added to my AMZN position following BMO Capital’s recent upgrade. The firm raised its price target to $304 with an Outperform rating, citing stronger cloud demand and growing developer adoption of the Claude model. Insights from former AWS executives suggest enterprise AI is accelerating, and BMO increased its projected AWS growth rate from 23% to 24%, reflecting confidence in long-term scalability. With AI-driven cloud expansion expected to gain momentum through 2027, Amazon’s leadership in both e-commerce and cloud services makes this an opportune moment to strengthen exposure to AMZN.
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