Amazon's Share Price Dip Overlooks The Long-Term Growth Opportunity (Rating Upgrade)

Amazon (AMZN) is upgraded to Strong Buy with a $310/share target, reflecting robust AWS growth and discounted valuation at 15.28x EV/EBITDA. AWS backlog reached $244B, supporting a $200B capital budget for FY26, despite expected near-term margin compression from heavy reinvestment. Custom silicon adoption, especially Graviton and Trainium, is accelerating, with a $10B run rate and 50% YoY growth for Graviton. #SlimScan #GrowthStocks #CANSLIM