KeyBanc Raises Amazon Price Target to $335 on AWS Growth

KeyBanc Capital Markets has raised its price target for Amazon shares to $335, citing strong growth potential in the company's cloud computing unit, Amazon Web Services (AWS). Analysts noted that AWS's revenue growth will significantly contribute to Amazon's overall profitability. The investment bank also highlighted margin improvements in Amazon's retail and advertising businesses as supporting the stock's valuation. KeyBanc expects AWS to continue growing amid rising demand for artificial intelligence and machine learning services. Amazon shares edged higher in pre-market trading following the news. The stock has gained over 40% in the past year, continuing to attract investor interest. KeyBanc's revised target implies approximately 15% upside from Amazon's current trading level. Analysts believe this growth is achievable as AWS maintains its industry leadership and invests in new technologies. This is not investment advice.

📊 AMZN — Piyasa Yorumu

▲ up · 70%

The news includes a positive analyst view based on AWS growth, which could act as a catalyst for AMZN. Technical indicators point to a strong bullish trend: RSI is above 70, MACD is above the signal line, and the price is above both the 20-day and 50-day moving averages. The 3.76% increase in the last 24 hours suggests continued momentum. However, the RSI approaching overbought territory increases the risk of a short-term correction. Overall, a bullish trend is expected in the short term, but caution is advised due to overbought signals.

RSI 14

70.2

MACD

2.58

24h Δ

3.77%

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