Amazon’s Cloud Ambitions Spark Analyst Optimism for Stock Revival

After a period of notable underperformance that saw it lag behind its “Magnificent Seven” peers, Amazon is attracting renewed attention from Wall Street. A significant vote of confidence from Wells Fargo suggests a potential turnaround may be brewing, centered on the company’s cloud computing division, AWS.

In a decisive move on Wednesday, Wells Fargo analyst Ken Gawrelski raised his rating on Amazon shares from “Equal Weight” to “Overweight.” The upgrade stems from what the analyst described as “greater conviction” in an impending acceleration of growth at Amazon Web Services. The bank’s revised forecast is notably bullish, projecting AWS revenue growth of 22.1% for 2026. This figure substantially outpaces Wells Fargo’s prior estimate of 19.3% and sits well above the... Read more...