UBS raises Amazon target to $348 and says Street AWS margin estimates for 2027 are too low
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- UBS raised its price target on Amazon to $348 from $318 and reiterated its Buy rating ahead of third-quarter results on Oct. 29, telling investors that Wall Street is underestimating Amazon Web Services margins. Still guessing which stocks will beat the market?…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA major bank's target price increase ahead of third-quarter results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01UBS raised its Amazon target from $318 to $348 and reiterated Buy.
- 02UBS forecasts a 46% AWS operating margin in 2027 versus 38% consensus.
- 03Capex for 2027 could exceed $300 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets