Analyst Reaffirms Bullish Take on Amazon, $290 Price Target Holds

Goldman Sachs — the Wall Street bank — is keeping Amazon (NASDAQ: AMZN) in its “Buy” column — and sticking with a $290 per‑share price target. The call comes just after the release of Amazon’s annual AWS re:Invent conference, where top executives laid out their roadmap for the company’s cloud and AI ambitions. According to Goldman’s analyst Eric Sheridan, the new AWS strategy — which leans heavily into enterprise‑scale artificial intelligence, custom cloud silicon, and enhanced machine‑learning offerings — strengthens Amazon’s long-term growth thesis. Sheridan argued that AWS is now positioned to tap into rising enterprise AI demand, offering everything from AI infrastructure to application development and workload migration under a scalable, high-efficiency cloud model. He also forecast that AWS could deliver roughly 20% (or more) annual revenue growth over the next three years, presenting a strong case for renewed top-line momentum at Amazon. That bullish view comes even as Amazon’s stock — trading near $229.11 at the time of the report — has dipped ~1.4% on the day and roughly 8.4% over the past month. #Amazon #AWS #CloudComputing #StockMarket #SlimScan #GrowthStocks #CANSLIM