Wall Street Analyst Boosts Amazon Price Target After Q3 Lift

Cantor Fitzgerald has raised its 12‑month price target on Amazon (NASDAQ: AMZN) to $315 (up from $280), citing the e‑commerce and cloud giant’s strong Q3 performance. Amazon beat estimates with revenue of $180.17 billion (vs expected $177.8 billion) and EPS of $1.95 (vs $1.57 expected). Most notably, its cloud unit Amazon Web Services grew 20 % YoY to $33 billion, and advertising sales jumped 24 % to $17.7 billion. Cantor highlighted AWS’s margin recovery and improving retail profitability as key catalysts, and flagged the stock’s lag to the Nasdaq (‑21 percentage points YTD) as a potential setup for a year‑end rebound. The broader consensus among 41 analysts is a “Strong Buy”, with an average target of around $292 and bullish outliers up to $335. #AmazonEarnings #CloudGrowth #StockUpgrade #InvestmentOutlook #SlimScan #GrowthStocks #CANSLIM