I added to my AMZN position following BMO Capital’s upgrade, raising the price target to $304 with an Outperform rating. Insights from former AWS executives suggest accelerating cloud commitments, with developers increasingly favoring the Claude model. As enterprise AI adoption is projected to scale significantly by 2027, BMO raised its assumed AWS growth rate from 23% to 24%. This reinforces Amazon’s strong cloud leadership and long-term growth potential, making it a strategic addition to my portfolio to capture the expanding AI-driven enterprise demand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
