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Top Evercore, Canaccord Analysts Raise Amazon Stock (AMZN) Price Target on Q3 Earnings Beat
E-commerce and cloud computing giant Amazon ($AMZN) impressed investors with its market-beating third-quarter results, with strong growth in its
Investors were likely pleased with a re-acceleration in Amazon's closely watched cloud computing unit, which reported $33 billion in sales, up 20% year-over-year and topping analyst estimates.
Amazon shares jumped 10% as the company’s quarterly numbers beat Wall Street forecasts including at key Amazon Web Services, or AWS where it badly needed a win.
“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”
Amazon.com, Inc. outperformed expectations for Q3 2025, with AWS and Ads growth accelerating. Learn more about AMZN stock here.
Amazon shares hit a 52-week high after Q3 earnings beat estimates, driven by renewed AWS growth and strong ad revenue momentum.