Amazon’s Cloud Ambitions Fuel Analyst Optimism for Shares

A major Wall Street firm has significantly raised its price target for Amazon, citing a massive expansion in the company’s cloud computing division as a primary catalyst. Oppenheimer now sees the stock reaching $305 within 18 months, implying substantial upside from current levels.

On December 1, investment bank Oppenheimer increased its 18-month price objective for Amazon from $290 to $305. This adjustment suggests a potential gain of approximately 30%. Analyst Jason Helfstein points to an aggressive infrastructure push by Amazon Web Services (AWS) as the core driver behind this bullish outlook.

The central thesis hinges on AWS’s plans to double its data center capacity by 2027, following a previous doubling Read more...