I made an additional investment in AMZN stock following BMO Capital’s recent upgrade. The firm raised Amazon’s price target to $304 with an Outperform rating, citing accelerating cloud commitments and growing developer adoption of the Claude model. With enterprise AI expected to expand significantly by 2027, BMO increased its assumed AWS growth rate from 23% to 24%, reflecting strong momentum in Amazon’s high-margin cloud business. This reinforces my confidence in AMZN’s long-term growth potential, particularly driven by AWS and enterprise AI adoption, making it a compelling addition to my portfolio.
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