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      Amazon Bulls Get Fresh Ammo As Analyst Flags AWS, Retail Upside

      Bank of America Securities analyst Justin Post maintained a Buy rating and raised his price forecast for Amazon.com Inc. (NASDAQ:AMZN) from $275 to $298 on Monday, citing accelerated growth in cloud and retail sectors.

      Strong Projections for First Quarter Revenue and Profit

      Post raised its first-quarter estimates for revenue to $178.4 billion and operating income to $21.4 billion, above the Street consensus of $177.1 billion and $20.7 billion, respectively.

      He expects Amazon to outperform expectations primarily due to a projected $2 billion quarter-over-quarter increase in AWS revenue, double the $1 billion growth anticipated by other analysts.

      For the full year 2026, he projects total revenue of $813 billion and GAAP operating profits of $100.6 billion.

      Acceleration in AWS and North American Retail

      Post projects that AWS ...

      Full story available on Benzinga.com


      Source: Benzinga
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