Andy Jassy says AWS capacity years out is already spoken for, yet Amazon is burning cash at a pace that raises an uncomfortable question about who exactly is doing the booking and what happens if their funding dries up.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) CEO Andy Jassy said on an Andreessen Horowitz video podcast on Friday, October 23, 2026, that AWS computing capacity for 2027 is largely booked. He spoke with co-founder Ben Horowitz and general partner Erik Torenberg: “2027 is largely sold out. We always leave a certain amount for on-demand and our inference service bedrock, or EC2, but largely sold out all the big chunks.” He wasn’t done. He then added: “A good chunk of 2028 is sold out.”
Amazon closed that day at $248.00, down $2.38 or 0.95%, leaving it with a market cap of about $2.68 trillion. Some of the comments came out during trading and some after the close, so the decline tells you little about how investors will read them.
Shareholders face a tension. The CEO says demand is booked years ahead, while Amazon is spending so heavily to serve it that trailing free cash flow has gone negative.
What Jassy Committed To
“Sold out” is how Jassy described it. Amazon has not disclosed the contracted capacity or backlog figures behind the phrase, so for now it is the CEO’s claim, and neither year is fully sold out.
Bedrock is Amazon’s service for running AI models for customers, a job called inference. EC2 is its core business of renting out servers. Keeping some of that capacity in reserve protects smaller customers and pricing, while the large committed blocks go to AI labs and big enterprises.
He also said Amazon “could invest a lot more and it wouldn’t be a bad use of capital”. He noted that AI labs are using “gobs and gobs of compute unlike anything I’ve seen.”
Supply Now Sets the Ceiling on AWS Growth
Once the big blocks are booked, AWS can only grow as fast as Amazon adds data centers, power, chips and memory. That makes execution the main question for investors. Clips from the podcast that investors passed around carry Jassy saying, “I don’t think that that shortage ends in 2027.”
AWS revenue rose 37% to $42.2 billion in Q2 2026, its fastest growth in 18 quarters. The annualized run rate reached $169 billion, and Jassy, who put growth at 36.7%, called AWS “booming.”
Trainium Is Amazon’s Answer to Costly Inference
Jassy said inference is still “an order of magnitude too expensive in my opinion for it to be used as pervasively as possible,”. That works out to about 10 times too costly. On bringing that cost down, he said, “Our chips business is a big piece of that.”
He has been reported as saying Trainium delivers about 30% to 40% better price-performance than comparable processors. Amazon has disclosed more than $225 billion in future Trainium revenue commitments, including deals with Anthropic and OpenAI. That means its own chips lower its computing costs and already have committed buyers.
Reality Check: Heavy Spending and Concentrated Buyers
Amazon plans to spend about $220 billion on capital expenditure in 2026. Over the trailing 12 months, purchases of property and equipment rose $66.1 billion, which Amazon said “primarily reflects investments in artificial intelligence,” and free cash flow was a $7.6 billion outflow.
Much of the booked capacity goes to AI labs. If their funding tightens or their model economics fall short, those long commitments could be renegotiated, and Jassy did not say how much of 2028 sits with a few buyers.
What Analysts Expect From Amazon Stock
Demand is booked years ahead. Supporters of the stock also point to a chip business that cuts costs as a reason to bear the cash burn, although the concentration of that demand among a few AI labs remains an open question.
The consensus rating is Strong Buy from 60 analysts. Their average 12-month target of $331.46 sits about 33.7% above Friday’s close.
The real test comes with the Q3 report on Thursday, October 29, 2026, with a 5:00 p.m. ET call. Guidance calls for net sales of $197.0 billion to $202.0 billion and operating income of $22.5 billion to $26.5 billion.
Watch whether AWS growth stays near the Q2 pace, whether management puts a number on backlog or contracted capacity, and whether it updates capex. If AWS growth slows sharply or operating income comes in below the low end of guidance, the case that demand is exceeding supply would weaken.
Contact [email protected] for any questions or corrections.
Neighbors fought back against a massive Amazon data center project in Virginia, and something unexpected happened next. The outcome could set a precedent that forces every major cloud company to rethink where and how it builds.
Amazon (AMZN -0.95%) has proven itself to be one of the early winners of the artificial intelligence (AI) boom, and this is thanks to its cloud computing business. Amazon Web Services (AWS) is a hub for anything AI, offering the chips and systems needed to power AI workloads. And thanks to this, AWS' revenue has soared, reaching a $169 billion annual run rate in the second quarter.
But the report also shows us another trend that might not please investors. And that's the fact that the company spent more on data centers in the period than AWS earned in revenue. Does this spell trouble for the AI giant? Let's find out.
Image source: Getty Images.
The Amazon story so farFirst, a quick catch-up on Amazon's AI story so far. AWS, the company's biggest profit driver, is the world's No. 1 cloud services provider, and as such, attracts a considerable amount of AI business. Customers that already use AWS for non-AI services find it easy to broaden into AI services here rather than turn to another cloud company.
As a result, AWS' revenue has taken off, and the second quarter illustrates this. In that period, the unit generated about $42 billion in revenue, up 36% year over year, and $16 billion in operating income. At the same time, though, Amazon's cash capital expenditures totaled just over $53 billion. The company says that investment "primarily relates to AWS and generative AI."
That puts capex at about $10 billion above AWS quarterly revenue and more than three times its operating income. Though this figure refers to the whole company, most of the spending is flowing toward AI and cloud capacity. And the pace of investment isn't slowing. Amazon lifted its 2026 capex forecast by $20 billion to about $220 billion.
AMZN Amazon$248.00-$2.38 (-0.95%)
NASDAQ · As of 4:00 PM ET 10/23/26
Why Amazon says it's spending nowManagement's argument is that demand exists right now -- this isn't about possibilities down the road. AWS' backlog, or contracted future revenue, has reached $496 billion and is growing at a triple-digit rate. Even at the above capex level, Amazon still won't be able to meet 2026 demand, says chief Andy Jassy, and he expects the same in 2027. On top of this, he calls demand already in place for 2028 "striking."
Building to support such demand doesn't result in monetization overnight. The company invests in data centers about two years before servers can start bringing in revenue, but the good news is Amazon can use those facilities for more than 30 years. Servers and networking gear generate growth faster: The company buys them a few months before they're set to work, and they generally break even in less than three years.
Meanwhile, Amazon will face pressure on free cash flow until the new data centers open their doors and the servers inside them have been running for a few years, according to Jassy.
Does this signal trouble?So, does spending that outpaces revenue signal trouble? Not necessarily. Amazon is highly profitable with a long track record of earnings growth and experience in investing in technology that will deliver over time: the creation of AWS is a clear example of this. And Amazon says it buys servers only when customer demand is there, which is different from spending based on hope.
Still, this is a bet on timing, and investors must be comfortable with that. Amazon has to build before it can earn, so investors should expect free cash flow to remain under pressure during this time. AWS' backlog gives the bet a solid foundation, and now the thing to watch is whether the unit's revenue keeps accelerating alongside capex. From what we've seen so far, though, Amazon is well positioned to deliver, making it a fantastic AI stock to buy and hold.
Two former Amazon real estate managers acknowledged receiving personal payments tied to data center deals they handled for the company, under a settlement that resolves the company’s claims against them in a six-year lawsuit.
Carl Nelson and Casey Kirschner “regret their actions, apologize for failing to meet Amazon’s high ethical standards, and are glad this matter has been resolved,” according to a joint statement that the parties agreed to as part of the settlement.
The payments “violated Amazon’s Code of Conduct & Ethics, broke the trust Amazon places in its employees, and put Amazon’s reputation at risk in the communities it serves,” says the statement, which Amazon provided Friday evening in response to GeekWire’s inquiry.
The statement doesn’t call the payments kickbacks or say they were illegal. Nelson was investigated by the FBI but never charged, and a federal judge ruled in 2023 that Amazon’s Code of Conduct wasn’t a legally enforceable contract. The other terms of the settlement are confidential, including whether any money changed hands.
Before the settlement, Nelson had maintained that he abided by the terms of his Amazon employment agreement, which his attorneys said gave him broad leeway to do outside business.
Rodney Atherton, a Colorado attorney who set up business entities for the two men, also settled and “regrets the role he played in the conduct at issue in this case,” according to the statement.
The settlement closes a long legal ordeal for Nelson’s family. His wife, Amy Nelson, the former Seattle entrepreneur who founded The Riveter, a network of co-working spaces for women, has been his most outspoken advocate, defending him for years on social media and in interviews and criticizing Amazon and the Justice Department for pursuing him.
“All disputes with my husband’s former employer have been resolved,” she said in a short video posted Friday on social media.
The case upended the family’s life. The FBI seized $892,135 from the Nelsons’ bank accounts in 2020, including hundreds of thousands of dollars Amy Nelson earned as CEO of The Riveter.
The government returned most of it in a 2022 settlement. By then, the Nelsons had sold their West Seattle home and emptied their retirement accounts to pay lawyers, and they had moved with their four daughters to Hawaii and then Ohio, where Amy’s parents live. The family had spent more than $3 million on legal fees, she told KIRO 7 in 2023.
“Many of the things that we lost over the past four years, we can never get back. We can never get our home back. We can never get our jobs back. We can never get our reputation back,” she told The Seattle Times in 2024, after federal prosecutors moved to drop the related criminal cases.
Amazon told the judge on Oct. 20 that it had reached the settlement, less than two weeks before the case was set to go to trial in U.S. District Court in Alexandria, Va., according to court filings.
The case continues against the remaining defendants, Brian Watson and his Denver-based real estate firm, Northstar Commercial Partners, which Amazon hired for nine data center development projects in Northern Virginia between 2018 and 2020. Amazon alleges that Northstar won that business by paying kickbacks to Nelson and Kirschner, which Watson denies.
Watson and Northstar are headed to trial Nov. 2. In a filing Friday, they asked the judge to make Amazon hand over the settlement agreement so they can see its terms.
The settlement follows years of rulings that went both ways. In April 2023, a federal judge dismissed most of Amazon’s claims, including its breach of contract claims against Nelson and Kirschner. In September 2025, a federal appeals court revived several of the claims, including racketeering and fraud, and sent the case back for trial.
In January 2024, federal prosecutors moved to vacate the guilty pleas of two other men in the case, Kirschner’s brother, Christian Kirschner, and former Northstar account manager Kyle Ramstetter, calling prosecution “not in the best interests of justice.”
Prosecutors added that they had declined to prosecute the other alleged co-conspirators, including Nelson.
Amazon (AMZN.O) CEO Andy Jassy said on Friday that Amazon Web Services' cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, on growing demand for AI infrastructure.
In a video podcast with Andreessen Horowitz co-founder Ben Horowitz and general partner Erik Torenberg, Jassy said Amazon is struggling to keep pace with the insatiable demand from AI labs and enterprises.
Earlier this year, Amazon had said it would spend about $220 billion in capital expenditure for 2026
Jassy said the company "could invest a lot more and it wouldn't be a bad use of capital," considering cloud-computing capacity for 2026 is already sold out
"2027 is largely sold out. We always leave a certain amount for on demand and our inference service bedrock, or EC2, but largely sold out all the big chunks. A good chunk of 2028 is sold out," he said
EC2 is an AWS service that provides cloud servers for running applications, while Bedrock gives customers access to AI models to build generative AI applications
Amazon is scheduled to report third quarter results on October 29
Amazon AMZN stands out among consumer stocks as Bank of America (BofA) data show heavy withdrawals from consumer-focused funds, highlighting a divide between investor sentiment toward the broader sector and the quantitative appeal of individual companies.
Amazon received a quantitative score of 4.95 out of five in the supplied ranking, putting it at the top of the consumer-stock list. The scoring approach considers factors such as valuation, growth, profitability, earnings estimate revisions and share-price momentum relative to sector peers.
The broader fund-flow trend remains a concern. BofA's figures show consumer fund withdrawals accelerating, with the four-week moving average falling further into negative territory. That suggests investor caution may extend beyond short-term market fluctuations.
Amazon's diversified business spans online retail, cloud computing through Amazon Web Services, advertising and digital services. Those operations give the company several sources of growth, although a favorable quantitative score alone does not guarantee future share-price gains.
For investors, the key question is whether Amazon's business performance can continue to support its valuation while sentiment toward consumer-related investments weakens.
Amazon heads into Thursday's report after AWS operating income reached $16.6 billion, with AI investment returns in focus. -
Summary
AWS margins, capital spending and capacity constraints are key measures to watch.
Amazon, the commerce and cloud-computing giant AMZN, traded at $248.96, down 0.57%, at 10:00 a.m. ET ahead of Thursday's earnings report. The modest decline leaves the bigger question untouched: how much profit can Amazon squeeze from its AI infrastructure spending? Reuters' earnings preview frames the coming reports as a test of whether that investment can deliver durable returns.
The hurdle is already high. Amazon reported second-quarter AWS revenue growth of 37%, its fastest pace in 18 quarters, alongside $16.6 billion in cloud operating income. Companywide operating income climbed 43% to $27.5 billion. Management's third-quarter operating-income forecast of $22.5 billion to $26.5 billion puts the next report's profitability firmly in focus.
The GuruFocus snapshot shows a GF Score of 93/100, with growth its strongest category and financial strength comparatively weaker. That supports a strong operating profile, but it does not settle the spending question. Watch AWS margins, capital expenditures and capacity constraints together. Faster cloud growth carries more weight when the returns hold up after power, depreciation and chip costs.
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Amazon survived a brutal 50% stock collapse, a CEO transition, and its first losing year in nearly a decade, then came roaring back with cloud growth nobody saw coming. Whether you bought in last year or ten years ago changes…
How an Online Store Became a Cloud and Ad Empire
A decade ago, Amazon (NASDAQ:AMZN | AMZN Price Prediction) was mostly an online store with a promising cloud side business. Over the decade that followed, AWS became the dominant profit engine, Prime grew alongside a huge logistics expansion, and advertising turned into a giant that brought in $19.8 billion in Q2 2026 alone, up 26%.
The pandemic sent e-commerce demand surging, and Andy Jassy succeeded Jeff Bezos as CEO in July 2021. Then the bill came due. Amazon overbuilt its fulfillment network, posted its first unprofitable year since 2014 in 2022, and the stock fell roughly 50%.
AI Pushed AWS Back Into High Gear
Cost discipline under Jassy brought margins back, and AI demand revived cloud growth. AWS revenue rose 36.7% to $42.2 billion in Q2 2026, its fastest growth in 18 quarters. The company’s AI and chips businesses each passed run rates of more than $25 billion.
Your $1,000 Grew to $5,966 Over the Decade
1-Year Return
Initial Investment: $1,000
Current Value: $1,148.80
Total Return: 14.88%
S&P 500 (same period): $1,140.90 (14.09%)
5-Year Return
Initial Investment: $1,000
Current Value: $1,499
Total Return: 49.9%
Annualized Return: 8.4%
S&P 500 (same period): $1,681.50 (68.15%)
10-Year Return
Initial Investment: $1,000
Current Value: $5,966
Total Return: 496.6%
Annualized Return: 19.6%
S&P 500 (same period): $3,545.60 (254.56%)
Timing explains almost everything here. The 10-year buyer got in before AWS and Prime fully took off and still finished well ahead of the index, even after sitting through the 2022 collapse. The 5-year buyer came in near the pandemic high, absorbed that same drop, and has trailed the S&P 500. Over the past year, Amazon roughly matched the market, and shares fell 4.57% on October 22 alone.
I Lean Bullish, With a Close Eye on Spending
I’d put $1,000 into Amazon today if AWS keeps turning its $496 billion backlog into high-margin revenue. Jassy says AWS could “very possibly be a trillion-dollar annual revenue business for us in time,” and advertising, grocery, and custom chips add growth that has nothing to do with cloud.
But I’d avoid it if spending exceeds the return. Amazon expects about $220 billion in 2026 cash capex, trailing free cash flow has turned negative at -$7.6 billion, and Anthropic gains boost GAAP earnings, including $53.4 billion pre-tax in Q2. At a P/E near 35, investors are paying up front for that expansion.
I lean bullish. The slow five-year stretch reflects a costly restructuring and a heavy investment cycle, and the AWS numbers suggest that cycle is starting to pay off. The next earnings report is the key test: I want AWS growth to hold up and capex to start bringing in revenue.
Contact [email protected] for any questions or corrections.
B.A. Schrock Wealth Management Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 27,588 shares of the e-commerce giant’s stock, valued at approximately $6,848,000. Amazon.com accounts for 2.3% of B.A. Schrock Wealth Management Inc.’s portfolio, making the stock its 11th largest holding.
Several other hedge funds have also recently made changes to their positions in the business. Red Crane Wealth Management LLC raised its position in shares of Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after purchasing an additional 38 shares during the period. Stegent Equity Advisors Inc. lifted its position in shares of Amazon.com by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock valued at $364,000 after purchasing an additional 39 shares in the last quarter. Robinson Smith Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.7% during the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC lifted its position in shares of Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after purchasing an additional 40 shares in the last quarter. Finally, Measured Risk Portfolios Inc. boosted its holdings in Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 40 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insider Activity In other news, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company’s stock.
More Amazon.com News Here are the key news stories impacting Amazon.com this week: Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article Wall Street Analyst Weigh In Several research firms have commented on AMZN. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. Wedbush increased their price target on Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald reduced their price objective on Amazon.com from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $322.53.
Get Our Latest Stock Analysis on AMZN
Amazon.com Stock Down 4.6% AMZN opened at $250.38 on Friday. The firm has a market capitalization of $2.70 trillion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a fifty day moving average price of $255.85 and a 200-day moving average price of $253.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.
Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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Cliftonlarsonallen Wealth Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,578 shares of the e-commerce giant’s stock after selling 8,312 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Amazon.com were worth $8,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Red Crane Wealth Management LLC increased its stake in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares during the last quarter. Stegent Equity Advisors Inc. raised its position in Amazon.com by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock valued at $364,000 after purchasing an additional 39 shares during the period. Robinson Smith Wealth Advisors LLC lifted its stake in shares of Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares during the last quarter. Sfam LLC lifted its stake in shares of Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after purchasing an additional 40 shares during the last quarter. Finally, Measured Risk Portfolios Inc. lifted its stake in shares of Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after purchasing an additional 40 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com In other news, CEO Douglas J. Herrington sold 6,362 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes Several equities analysts have recently weighed in on the company. Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 31st. Truist Financial increased their price target on Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 31st. DA Davidson restated a “neutral” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Pivotal Research reaffirmed a “buy” rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $350.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Monday. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $322.53. Check Out Our Latest Research Report on AMZN
Amazon.com Price Performance AMZN opened at $250.38 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $255.85 and its 200-day simple moving average is $253.33. The company has a market capitalization of $2.70 trillion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.03 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.
Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Articles Five stocks we like better than Amazon.com Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Fortitude Family Office LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,614 shares of the e-commerce giant’s stock after buying an additional 2,584 shares during the quarter. Fortitude Family Office LLC’s holdings in Amazon.com were worth $2,610,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of AMZN. Bank of America Corp DE acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $16,341,405,000. Legal & General Group Plc bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $6,631,466,000. Finally, Jupiter Topco LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $5,910,083,000. 72.20% of the stock is owned by institutional investors and hedge funds.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article Insider Activity In related news, CEO Douglas J. Herrington sold 6,362 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by company insiders. Analysts Set New Price Targets AMZN has been the subject of several research reports. UBS Group set a $200.00 price objective on shares of Amazon.com in a research note on Thursday, September 17th. Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 31st. Wells Fargo & Company set a $329.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a report on Monday, October 12th. DA Davidson reiterated a “neutral” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, July 31st. Finally, Bank of America increased their price target on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.53.
Get Our Latest Analysis on Amazon.com
Amazon.com Stock Down 4.6% Shares of NASDAQ AMZN opened at $250.38 on Friday. The company has a 50 day simple moving average of $255.85 and a 200 day simple moving average of $253.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm has a market cap of $2.70 trillion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current year.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Articles Five stocks we like better than Amazon.com Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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Fort Washington Investment Advisors Inc. OH grew its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316,400 shares of the e-commerce giant’s stock after buying an additional 41,788 shares during the quarter. Amazon.com makes up approximately 2.8% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 8th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Amazon.com were worth $577,131,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. TOP Private Wealth LLC. acquired a new position in Amazon.com in the 2nd quarter worth approximately $29,000. Bard Associates Inc. purchased a new position in Amazon.com during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the 2nd quarter worth approximately $33,000. Atomic Invest LLC raised its stake in Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock valued at $40,000 after purchasing an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC acquired a new stake in Amazon.com during the 2nd quarter valued at $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of research firms have recently issued reports on AMZN. BMO Capital Markets restated an “outperform” rating on shares of Amazon.com in a report on Tuesday. Wells Fargo & Company set a $329.00 target price on Amazon.com and gave the stock an “overweight” rating in a research report on Monday, October 12th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald dropped their price target on Amazon.com from $320.00 to $310.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Finally, Roth Capital reissued a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research report on Monday, August 3rd. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.53.
View Our Latest Research Report on Amazon.com Amazon.com Stock Down 4.6% AMZN stock opened at $250.38 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.70 trillion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.03 and a beta of 1.45. The company has a 50 day moving average of $255.85 and a two-hundred day moving average of $253.33.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the business posted $1.68 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.
Insiders Place Their Bets In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 in the last three months. Company insiders own 8.90% of the company’s stock.
Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Articles Five stocks we like better than Amazon.com Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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AWS just posted its fastest growth in 18 quarters, yet Amazon shares still sit well below their 52-week high. The path to $500 by 2030 exists, but it hinges on one part of the business clearing a very high bar.
Amazon (NASDAQ:AMZN | AMZN Price Prediction | AMZN Price Prediction) runs the world’s biggest cloud platform, and that cloud is speeding up again. AWS revenue reached $42.23B in Q2 FY26, up 37% YoY. That was its fastest growth in 18 quarters.
The stock is up 13.97% this year, which still trails what the business is doing. CEO Andy Jassy now says AWS could become “a trillion-dollar annual revenue business for us in time.” So can Amazon reach $500 per share by 2030?
Spending Fears Are Holding Amazon Back Right Now
Capex is the concern. Amazon raised its 2026 cash capex estimate to roughly $220 billion, up from about $200 billion, and cited higher memory costs. Free cash flow turned negative at -$7.6B TTM. Q3 guidance calls for only 9-12% sales growth, partly because Prime Day moved into Q2.
CNBC this week called it a “stumbling stock” that needs a path back to record highs. Shares sit at $262.59, below the 52-week high of $287.20. The past week (+1.74%) and month (+3.69%) show only a small rebound. With a beta of 1.456, the stock tends to amplify market moves.
Analysts Are Bullish, but Their Targets Stop Too Soon
Wall Street’s consensus target is $331.46. The ratings include 16 Strong Buys, 43 Buys, 2 Holds, along with 0 Sells. The model puts shares at $334.91, a 27.54% gain. The bear case sits at $287.36, while the bull case reaches $386.57. Confidence in the model is 0.7, which is fairly high.
The consensus looks too short-sighted. Sentiment is 97% bullish, yet earnings growth adds only 0.03 to the factor after a mega-cap drag. One-year targets also leave out the AWS backlog. Our five-year base case puts shares at $489.98 by October 2030.
Here’s What It Takes for Amazon to Reach $500
Getting from today’s price of $262.59 to $500 would take a gain of 90.4%.
Consensus FY2027 EPS is $10.5519. At $500, that is a forward P/E of 47x. The $334.91 estimate works out to 32x on the same EPS, so the bold target needs roughly 16x of additional multiple expansion.
That gap closes if earnings compound through 2030. The highest FY2027 estimate is $15.0435, and at that level $500 is only 33x. The model’s 1.102 adjustment factor reflects “strong earnings acceleration.”
AWS backlog stands at $496 billion and is growing triple digits. The AI and chips businesses each run above $25 billion annualized. Anthropic and OpenAI have signed multi-year, multi-gigawatt Trainium commitments. Jassy added: “We will still not have enough capacity to meet all the demand we have in 2026.”
A key risk is that capex keeps climbing faster than AWS revenue and delays the free cash flow recovery past 2030.
Where Amazon Trades Today vs Its Earnings Power
Amazon trades at about 25x FY2027 EPS, versus a trailing P/E of 36x. For a company whose largest profit engine is growing 37% with a 39.4% operating margin, that multiple looks reasonable.
Shares sit inside a 52-week range of $196 to $287.20. The 10-year return is 542.43%. Today’s valuation gives earnings growth room to carry most of the load toward $500.
$500 Is a Stretch, but Here’s Why It’s Possible
A $500 price needs a 90.4% gain. My conclusion is that this is ambitious yet credible. Three things have to go right. AWS has to keep growing above 30%.
AI margins have to follow the core cloud path, which Jassy says is happening “a little ahead” of schedule. And revenue growth has to outpace capex so free cash flow turns positive again. A recession that hits enterprise cloud budgets would knock this off course.
Such returns shouldn’t be expected every year, but we’ve outlined the plan for how Amazon could reach $500 in 2030.
Contact [email protected] for any questions or corrections.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Corporate America just entered earnings season for the quarter ended Sept. 30. It comes at a critical moment, because investors are grappling with elevated inflation, rising interest rates, and turbulence in the artificial intelligence (AI) industry -- all while the S&P 500 index is trading at a historically expensive valuation. So, strong corporate earnings will be necessary to keep this bull market going.
Amazon (AMZN -4.57%) is one of the companies at the center of the AI boom. It operates an industry-leading cloud platform, develops its own large language models (LLMs), and even designs its own data center chips. It's scheduled to release its operating results for the third quarter on Oct. 29, and they will give investors some insight into the current state of the AI industry.
Amazon stock looks attractively valued right now, so is it a buy heading into the report?
Image source: The Motley Fool.
All eyes on Amazon Web Services
Amazon Web Services (AWS) is Amazon's cloud computing platform, which offers a growing portfolio of tools and services that enterprises need to develop and deploy AI software. It's consistently the company's fastest growing business segment, and it's also the most profitable, so its results will be Wall Street's main focus on Oct. 29.
AWS operates state-of-the-art data centers all over the world which house advanced AI chips from suppliers like Nvidia, and it rents the computing capacity to its enterprise customers. However, Amazon also designs its own chips now, like Trainium2 and Trainium3, which it says offer better price-performance than the competition.
Amazon not only rents these chips, but also sells them to customers, and sales revenue was tracking at an annualized rate of over $25 billion on June 30. This could become a huge business over the long term, so look out for some updated numbers on Oct. 29.
In addition to computing capacity, enterprises also need ready-made LLMs to sit at the foundation of their AI software projects, and the AWS Bedrock platform offers a library of 100 of them. AWS also built an AI-powered coding assistant called Kiro that can help programmers bring software to life more quickly.
AWS generated $42.2 billion in total revenue during the second quarter of 2026, up 37% from the year-ago period. That growth rate accelerated for the fourth-straight period, so the platform was carrying significant momentum into the third quarter.
As of June 30, AWS had a whopping $496 billion order backlog from customers who were waiting for more data center capacity to come online. That number increased by a triple-digit percentage year over year, which is a sign revenue growth could accelerate even further in the coming quarters.
Longer term, Amazon chief executive Andy Jassy thinks AWS can eventually reach $1 trillion in annual revenue, so while the Oct. 29 report will be important, it's just one part of a much bigger growth story.
Amazon stock looks attractively valued heading into Oct. 29
Amazon's earnings have steadily improved over the last few years, not just because of AWS, but also because its flagship e-commerce business is gradually becoming more profitable. The company generated earnings of $12.44 per share over the last four quarters, placing its stock at a price-to-earnings (P/E) ratio of just 21.2, so it's much cheaper than the tech-heavy Nasdaq-100 index which has a P/E of 30.2.
AMZN Amazon$250.38-$11.99 (-4.57%)
NASDAQ · As of 4:00 PM ET 10/22/26
But there is one caveat. In the first half of 2026, over $69 billion of Amazon's $120.7 billion in pre-tax profit came from paper gains from its investment in Anthropic, which were completely unrelated to the company's operations. That's why Wall Street's average forecast (provided by Yahoo! Finance) suggests Amazon's earnings will actually decline to $10.55 per share in 2027. But with a forward P/E of 25 based on that estimate, its stock is still very attractively valued.
The signs suggest Amazon's third-quarter report will be another blockbuster, thanks primarily to AWS. Therefore, its stock could be a solid buy ahead of Oct. 29, but it's important for investors to stay focused on the long term, because the best returns won't come over the next few months, but rather over the next 5-to-10 years.
SummaryAmazon.com, Inc. has underperformed other AI hyperscalers, which creates a buying opportunity for a catch-up rally, as I expect robust 3Q earnings.While Q3 retail revenue guidance seems soft, driven by the timing of Prime Day and an unfavorable currency impact, consumer spending remains strong enough to limit downside risk.I expect a Rule of 80 for AWS by year-end and 90 before FY2028, driven by a mounting backlog and accelerating capex growth that narrows the supply shortage gap.Even after raising its FY2026 capex outlook by $20 billion, the $220 billion figure implies a 26.5% capex to total-revenue ratio for AMZN, still well below peers.After stripping out the 2Q non-recurring $53.4 billion gain, AMZN's normalized FY2026 GAAP P/E would be 27x, which still looks attractive. JHVEPhoto/iStock Editorial via Getty Images
Buying This AI Hyperscaler Laggard Despite a 5% intraday jump this week on Morgan Stanley's top pick upgrade, Amazon (AMZN) still underperforms the Nasdaq index, up only 13% YTD. Compared with other AI hyperscalers
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
In the latest trading session, Amazon (AMZN - Free Report) closed at $250.28, marking a -4.61% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
The online retailer's shares have seen an increase of 5.26% over the last month, surpassing the Retail-Wholesale sector's gain of 3.07% and the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of Amazon in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 29, 2026. The company's earnings per share (EPS) are projected to be $2.01, reflecting a 3.08% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $202.11 billion, reflecting a 12.18% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $13 per share and a revenue of $829.46 billion, demonstrating changes of +81.31% and +15.7%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Amazon. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.32% lower. Amazon currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Amazon is at present trading with a Forward P/E ratio of 20.18. This valuation marks a premium compared to its industry average Forward P/E of 15.42.
It is also worth noting that AMZN currently has a PEG ratio of 1.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Commerce stocks are, on average, holding a PEG ratio of 1.25 based on yesterday's closing prices.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 160, placing it within the bottom 35% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
E-commerce and cloud giant Amazon AMZN released new software to simplify adoption of its Trainium AI chips, while shares traded at $252.31, down 3.83%, at 11:55 a.m. ET Thursday. The pitch is straightforward: make switching easier, then turn that convenience into paying workloads. The valuation chart puts the stock just 0.11% above its $252.04 GF Value estimate, suggesting little discount against that benchmark despite the decline.
AWS Neuron 2.33 brings TorchNeuron into public beta, letting developers run standard PyTorch models on Trainium2 and Trainium3. It also introduces Neuron Observer, designed to flag chip health problems in under a second. According to Reuters, an Amazon chip executive said more than 30 early customers were already using TorchNeuron. That gives Amazon an initial adoption base. Sustained commercial use is the next test.
The financial opportunity goes beyond selling more computing capacity. Easier migration could help Amazon steer more AI spending toward its own chips and capture more of the economics. Reuters reported that AWS second-quarter revenue climbed 37% to $42.2 billion, giving the software push a substantial business to build on. Now Amazon needs those easier first steps to translate into recurring workloads, stronger utilization and profitable growth.
Amazon's cloud business is accelerating at its fastest pace in 18 quarters, but the company just burned through billions in free cash flow. Whether that spending fuels massive gains or derails a monthly investment plan depends on a few key…
If you put $1,000 a month into Amazon (NASDAQ:AMZN | AMZN Price Prediction) starting with today’s price of $250, you would contribute $60,000 over five years.
Amazon deserves a forward look because its cloud business is speeding up again. AWS revenue grew 37% YoY last quarter, its fastest in 18 quarters, as demand for AI infrastructure rose.
What $1,000 a Month Could Grow to by 2031
Under the base case, $1,000 a month could be worth about $91,715.41 by 2031, a total return of 52.9% on the $60,000 you put in. It amounts to a gain of about $31,715.
The estimate assumes a five-year base-case target of $547.86 per share by October 17, 2031. For a share bought today, that would mean making 119.15%, or 16.99% a year.
The monthly plan returns less than a single share bought today because each later deposit has less time to grow. Your final contributions are invested for only a month or two. The dollar figures assume you invest at the start of each month and that the stock grows steadily at each scenario’s annualized rate.
Bull, Base and Bear Results for Your Monthly Plan
Scenario
5-Year Target Price
Share Total Return
Annualized Return
Value of $1,000/Month
Return on $60,000 Invested
Bull
$651.48
160.59%
21.11%
$101,398.77
69%
Base
$547.86
119.15%
16.99%
$91,715.41
52.9%
Bear
$360.38
44.15%
7.59%
$72,664.57
21.1%
Its confidence score is 0.7, which it rates as high. Wall Street is lopsided too. There are 16 Strong Buy ratings, 43 buy ratings, 2 hold ratings and 0 sell ratings.
The consensus price target is $331.46. Over a shorter window, the model’s one-year base target of $329.06 means 31.62% upside.
Three Growth Engines Behind the Target
AWS Is Accelerating on AI Demand
AWS now runs at a $169 billion annualized revenue rate, and its backlog has reached $496 billion. Amazon’s AI business and its chip business each exceeded a $25B annualized run rate with triple-digit growth (the power, cooling, and networking suppliers feeding that expansion are the subject of a free report on seven AI infrastructure names that aren’t chipmakers).
CEO Andy Jassy said on the earnings call that AWS could “very possibly be a trillion dollar annual revenue business for us in time.”
Advertising Keeps Compounding
Ad revenue rose 26% year-over-year to $19.8 billion. Ad slots for Thursday Night Football, the NBA and NASCAR “all sold out.” Advertising has high margins, so this growth adds to profits without needing the heavy spending that AWS requires.
Earnings Estimates Are Moving Higher
The average analyst estimate for 2026 EPS is $12.8977, up from $8.6938 90 days ago. Over the past 30 days, analysts made 4 up revisions and 0 down ones.
A one-time gain ballooned that 2026 number. Q2 GAAP EPS of $5.75 included a $53.4B pre-tax gain tied to Amazon’s Anthropic investment. That helps explain why the 2027 estimate is lower, at $10.5435.
Risks That Could Shrink Your Ending Balance
Spending is the biggest risk. Amazon plans about $200B of capital spending in 2026, and trailing 12-month free cash flow turned negative at -$7.6B. Jassy said the company will “encounter free cash flow headwinds until these data centers come online to be monetized.” If AI demand cools before that capacity pays off, the upside thesis falls apart quickly.
Management also pointed to tariffs, currency swings, memory chip supply and recession risk. Valuation matters as well: the stock trades at a P/E of 35 with a beta of 1.456, so it tends to swing more than the market.
Shares fell 4.74% in the past week alone. Over the last five years they making 46.67%, well below the projected pace. Even the bear case assumes a gain, and a real downturn could leave your plan below the $60,000 you put in.
Monthly investing does help with swings like these. When the price falls, each $1,000 buys more shares.
Where Your $60,000 Could Land
In all three scenarios, $1,000 a month in Amazon ends somewhere between $72,664.57 and $101,398.77 by 2031, with the base case at $91,715.41.
Watch AWS growth and free cash flow in each earnings report. Those two numbers will show which scenario is playing out. It is a projection, not investment advice, and no outcome is guaranteed.
Contact [email protected] for any questions or corrections.
Amazon.com, Inc.'s Q3 earnings will confront heightening investor scrutiny over its intensifying AI capex cycle, as negative FCF and tightening financial conditions raise concerns about investment returns. While sustained AWS acceleration and margin expansion demonstrate profitable demand conversion, continued AMZN operating leverage will be critical to strengthening ROI visibility amid its elevated AI spending trajectory. Emerging cyclical headwinds from resurgent inflation and rate hikes, compounded by soaring oil prices, also threaten Amazon's core commerce growth and cost structure ahead of the crucial holiday shopping season.
One emoji from Elon Musk has Amazon investors paying close attention, and SpaceX's war chest suggests the joke may not be a joke at all.
Elon Musk has raised the idea of competing with the world’s largest online retailer. A user said that Amazon (NASDAQ:AMZN | AMZN Price Prediction) was blocking Grok bots from placing orders. The SpaceX (NASDAQ:SPCX) CEO then posted on X: “Maybe we should start a competitor to Amazon 🤔” The remark may be hyperbole. Still, Musk has a history of starting a venture to get around an existing problem, and SpaceX now has the AI, cash and connectivity to take the idea further.
Why One Emoji Matters to Amazon
The complaint came from verified X user @thecsguy. He wrote that “amazon is blocking grok @bots from ordering” and that one of his Grok bots “only handles my amazon returns.” Amazon reportedly did something similar to Meta Platforms‘ (NASDAQ:META) Muse. Amazon also runs its own shopping agent. Andy Jassy, Amazon’s CEO, said “over 350 million customers have used” Alexa for Shopping in the past 12 months. He added that U.S. users spend “an average of over 40% more per order” than customers who don’t use it.
SpaceX Has Both the AI Business and the Cash
Q2 2026 was SpaceX’s first quarter as a public company. Revenue came in at $7.81 billion, beating the $6.82 billion consensus, and total revenue grew 92% year over year. AI segment revenue rose 247% to $2.56 billion. Capital spending reached $18.37 billion, with $15.83 billion going to AI compute. The company also has a pending $60 billion acquisition of Cursor.
SpaceX said its $100 billion cash position and $47.5 billion backlog provide “substantial capacity to invest in Starship, Starlink satellites, and AI infrastructure while maintaining a disciplined long-term capital allocation framework.” The company is still unprofitable: it posted a net loss of $541 million and EPS of -$0.09, which beat the -$0.29 estimate.
Amazon Is Already Moving Onto Musk’s Turf
The competition already goes both ways. In February, Jassy pointed to “seminal opportunities like AI, chips, robotics, and low earth orbit satellites” when he guided to roughly $200 billion in 2026 capital spending. Amazon Leo had close to 400 satellites in orbit. Starlink, by comparison, doubled its subscriber count to 12.0 million.
Amazon reported Q2 revenue of $200.61 billion, and AWS revenue grew 37% to $42.23 billion. Jassy called it AWS’s “fastest growth in 18 quarters” and said its AI and chips businesses “each eclipsed run rates of more than $25 billion.” The expansion feeding those run rates reaches well beyond the hyperscalers themselves, which is why we featured seven suppliers powering the AI data-center boom in a free report here.
What to Keep an Eye On
SpaceX shares are trading at $149.05 today. That is down 6.3% so far but up 0.29% over the past week, as Barron’s flagged Starlink risks in Ukraine. Amazon stood at $251.73, up 9.06% year to date. Three things are worth tracking: whether Amazon broadens its limits on outside AI shopping agents, how the Cursor deal advances, and whether Musk’s post leads to an actual commerce product.
Contact [email protected] for any questions or corrections.
Amazon (AMZN - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis online retailer is expected to post quarterly earnings of $2.01 per share in its upcoming report, which represents a year-over-year change of +3.1%.
Revenues are expected to be $202.11 billion, up 12.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Amazon?For Amazon, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.11%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Amazon will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Amazon would post earnings of $1.83 per share when it actually produced earnings of $1.88, delivering a surprise of +2.73%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Amazon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerCarvana (CVNA - Free Report) , another stock in the Zacks Internet - Commerce industry, is expected to report earnings per share of $0.47 for the quarter ended September 2026. This estimate points to a year-over-year change of +123.8%. Revenues for the quarter are expected to be $7.63 billion, up 35.2% from the year-ago quarter.
The consensus EPS estimate for Carvana has been revised 4.6% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -11.02%.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Carvana will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Adirondack Trust Co. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,921 shares of the e-commerce giant’s stock after selling 2,024 shares during the quarter. Amazon.com comprises approximately 3.0% of Adirondack Trust Co.’s holdings, making the stock its 7th largest position. Adirondack Trust Co.’s holdings in Amazon.com were worth $8,701,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of AMZN. Trust Asset Management LLC increased its position in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after acquiring an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. acquired a new stake in Amazon.com during the 2nd quarter valued at $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $33,000. Finally, Atomic Invest LLC boosted its position in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after buying an additional 49 shares during the period. Institutional investors own 72.20% of the company’s stock.
Insider Activity In other news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. Insiders own 8.90% of the company’s stock.
Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week: Positive Sentiment: AWS and custom AI chips remain the main bullish catalysts. Amazon opened its Trainium chips to PyTorch developers, potentially making its lower-cost custom silicon more attractive and reducing reliance on Nvidia. AWS reportedly posted its fastest growth in 18 quarters, although investors are watching whether growth can justify the planned infrastructure spending. Amazon custom AI silicon article Positive Sentiment: Analyst support and institutional buying provide a positive backdrop. Morgan Stanley named Amazon a top pick and raised its price target, citing an underappreciated AWS runway. Egerton Capital also reportedly added 1.14 million shares, while ETFs bought AMZN during the latest reported period. Morgan Stanley Amazon target article Positive Sentiment: Retail and logistics trends remain encouraging. Amazon is gaining fresh-grocery market share, and Jefferies says warehouse automation and third-party delivery could improve long-term retail margins by reducing labor and wage-inflation exposure. Record holiday hiring also signals expectations for strong seasonal demand. Amazon logistics automation article Neutral Sentiment: Amazon’s Germany expansion and data-center decisions have uncertain near-term financial effects. The company plans to invest more than €16 billion in Germany across AWS, AI, logistics and other operations, while abandoning a $427 million data-center project on George Washington University land and donating the property instead. These moves support long-term capacity but add execution and investment questions. Amazon Germany investment article Negative Sentiment: Heavy AI spending and power shortages are weighing on the investment case. Reports say billions of dollars of Nvidia systems are being stored because some Amazon data-center sites lack sufficient power. Combined with roughly $200 billion of planned capital spending and negative free cash flow, the issue raises concerns that AWS growth may not produce attractive returns quickly enough. Amazon Nvidia hardware and power shortages article Negative Sentiment: Competitive and regulatory risks are increasing. Walmart is embracing AI-agent commerce after Amazon began blocking outside agents from purchasing on its platform. A proposed Senate bill could also eliminate subsidies and impose tax penalties on large AI-focused data centers, potentially increasing Amazon’s infrastructure costs. Walmart and Amazon AI agents article Amazon.com Stock Performance AMZN opened at $262.37 on Thursday. The company has a market cap of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The stock has a 50-day moving average of $256.15 and a 200-day moving average of $253.04. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period last year, the business earned $1.68 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Rosenblatt Securities increased their price objective on Amazon.com from $335.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $322.53.
Read Our Latest Analysis on AMZN
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Stories Five stocks we like better than Amazon.com GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
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Fairfield Financial Advisors LTD trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,088 shares of the e-commerce giant’s stock after selling 1,911 shares during the period. Amazon.com comprises 3.7% of Fairfield Financial Advisors LTD’s investment portfolio, making the stock its 7th biggest position. Fairfield Financial Advisors LTD’s holdings in Amazon.com were worth $10,237,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE bought a new stake in Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in Amazon.com during the second quarter worth $16,341,405,000. Amundi boosted its position in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Amazon.com in the second quarter worth $12,831,376,000. 72.20% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on the company. UBS Group set a $200.00 target price on Amazon.com in a research report on Thursday, September 17th. Susquehanna reissued a “positive” rating on shares of Amazon.com in a report on Tuesday, October 6th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating and set a $350.00 price objective (up from $335.00) on shares of Amazon.com in a report on Monday. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $322.53.
View Our Latest Research Report on Amazon.com Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS and custom AI chips remain the main bullish catalysts. Amazon opened its Trainium chips to PyTorch developers, potentially making its lower-cost custom silicon more attractive and reducing reliance on Nvidia. AWS reportedly posted its fastest growth in 18 quarters, although investors are watching whether growth can justify the planned infrastructure spending. Amazon custom AI silicon article Positive Sentiment: Analyst support and institutional buying provide a positive backdrop. Morgan Stanley named Amazon a top pick and raised its price target, citing an underappreciated AWS runway. Egerton Capital also reportedly added 1.14 million shares, while ETFs bought AMZN during the latest reported period. Morgan Stanley Amazon target article Positive Sentiment: Retail and logistics trends remain encouraging. Amazon is gaining fresh-grocery market share, and Jefferies says warehouse automation and third-party delivery could improve long-term retail margins by reducing labor and wage-inflation exposure. Record holiday hiring also signals expectations for strong seasonal demand. Amazon logistics automation article Neutral Sentiment: Amazon’s Germany expansion and data-center decisions have uncertain near-term financial effects. The company plans to invest more than €16 billion in Germany across AWS, AI, logistics and other operations, while abandoning a $427 million data-center project on George Washington University land and donating the property instead. These moves support long-term capacity but add execution and investment questions. Amazon Germany investment article Negative Sentiment: Heavy AI spending and power shortages are weighing on the investment case. Reports say billions of dollars of Nvidia systems are being stored because some Amazon data-center sites lack sufficient power. Combined with roughly $200 billion of planned capital spending and negative free cash flow, the issue raises concerns that AWS growth may not produce attractive returns quickly enough. Amazon Nvidia hardware and power shortages article Negative Sentiment: Competitive and regulatory risks are increasing. Walmart is embracing AI-agent commerce after Amazon began blocking outside agents from purchasing on its platform. A proposed Senate bill could also eliminate subsidies and impose tax penalties on large AI-focused data centers, potentially increasing Amazon’s infrastructure costs. Walmart and Amazon AI agents article Insider Buying and Selling In related news, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total value of $251,500.00. Following the completion of the transaction, the chief executive officer directly owned 474,681 shares of the company’s stock, valued at approximately $119,382,271.50. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company’s stock, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company’s stock.
Amazon.com Trading Down 0.1% Shares of Amazon.com stock opened at $262.37 on Thursday. The stock has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock’s 50-day simple moving average is $256.15 and its 200 day simple moving average is $253.04.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business earned $1.68 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 8.02 EPS for the current year.
Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Stories Five stocks we like better than Amazon.com GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Fortress Financial Solutions LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,310 shares of the e-commerce giant’s stock, valued at approximately $1,323,000. Amazon.com comprises 1.1% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 20th biggest position.
Other institutional investors have also modified their holdings of the company. Essex LLC raised its position in Amazon.com by 6.2% in the third quarter. Essex LLC now owns 21,586 shares of the e-commerce giant’s stock worth $5,378,000 after acquiring an additional 1,257 shares in the last quarter. Orca Wealth Management LLC acquired a new stake in Amazon.com in the third quarter valued at $249,000. Triumph Capital Management lifted its holdings in Amazon.com by 20.6% in the third quarter. Triumph Capital Management now owns 26,897 shares of the e-commerce giant’s stock valued at $6,382,000 after acquiring an additional 4,598 shares during the period. Baker Ellis Asset Management LLC boosted its position in shares of Amazon.com by 1.3% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 38,682 shares of the e-commerce giant’s stock worth $9,638,000 after purchasing an additional 490 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its position in shares of Amazon.com by 4.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,571 shares of the e-commerce giant’s stock worth $641,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: AWS and custom AI chips remain the main bullish catalysts. Amazon opened its Trainium chips to PyTorch developers, potentially making its lower-cost custom silicon more attractive and reducing reliance on Nvidia. AWS reportedly posted its fastest growth in 18 quarters, although investors are watching whether growth can justify the planned infrastructure spending. Amazon custom AI silicon article Positive Sentiment: Analyst support and institutional buying provide a positive backdrop. Morgan Stanley named Amazon a top pick and raised its price target, citing an underappreciated AWS runway. Egerton Capital also reportedly added 1.14 million shares, while ETFs bought AMZN during the latest reported period. Morgan Stanley Amazon target article Positive Sentiment: Retail and logistics trends remain encouraging. Amazon is gaining fresh-grocery market share, and Jefferies says warehouse automation and third-party delivery could improve long-term retail margins by reducing labor and wage-inflation exposure. Record holiday hiring also signals expectations for strong seasonal demand. Amazon logistics automation article Neutral Sentiment: Amazon’s Germany expansion and data-center decisions have uncertain near-term financial effects. The company plans to invest more than €16 billion in Germany across AWS, AI, logistics and other operations, while abandoning a $427 million data-center project on George Washington University land and donating the property instead. These moves support long-term capacity but add execution and investment questions. Amazon Germany investment article Negative Sentiment: Heavy AI spending and power shortages are weighing on the investment case. Reports say billions of dollars of Nvidia systems are being stored because some Amazon data-center sites lack sufficient power. Combined with roughly $200 billion of planned capital spending and negative free cash flow, the issue raises concerns that AWS growth may not produce attractive returns quickly enough. Amazon Nvidia hardware and power shortages article Negative Sentiment: Competitive and regulatory risks are increasing. Walmart is embracing AI-agent commerce after Amazon began blocking outside agents from purchasing on its platform. A proposed Senate bill could also eliminate subsidies and impose tax penalties on large AI-focused data centers, potentially increasing Amazon’s infrastructure costs. Walmart and Amazon AI agents article Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on AMZN shares. Rosenblatt Securities increased their price target on shares of Amazon.com from $335.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Roth Capital reiterated a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a research note on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating and set a $350.00 price objective (up from $335.00) on shares of Amazon.com in a report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Amazon.com in a research report on Tuesday. Finally, Yorkville Ives started coverage on shares of Amazon.com in a report on Monday. They issued an “outperform” rating and a $300.00 target price for the company. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $322.53. Get Our Latest Research Report on AMZN
Amazon.com Trading Down 0.1% NASDAQ:AMZN opened at $262.37 on Thursday. The company has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a fifty day simple moving average of $256.15 and a 200-day simple moving average of $253.04.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm’s revenue was up 19.6% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year.
Insider Buying and Selling In other news, VP Shelley Reynolds sold 2,343 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,024,217.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $251.50, for a total value of $251,500.00. Following the transaction, the chief executive officer owned 474,681 shares of the company’s stock, valued at $119,382,271.50. This represents a 0.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by company insiders.
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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Amazon.com Inc. (NASDAQ:AMZN) shares are in the spotlight Thursday, with earnings on deck, AWS growth and capital spending in focus, recent analyst activity, a technical setup showing improving momentum and Edge Rankings all drawing attention.
Amazon.com shares are under pressure. Why are AMZN shares declining?
Earnings Preview and HistoryAmazon is scheduled to report third-quarter earnings on Oct. 29 after the market closes. Analysts estimate earnings per share of $1.96 along with revenue of $202.21 billion. For the prior quarter, Amazon reported earnings per share of $5.75, beating the consensus estimate of $1.82, which included a $53.4 billion gain tied to its Anthropic stake. The company also posted revenue of $200.61 billion, beating the consensus estimate of $196.46 billion.
What to Watch: AWS Growth, AI Spending and Advertising TrendsInvestors will be closely tracking AWS, after revenue grew 37% to $42.2 billion in the second quarter, its fastest growth in 18 quarters, with a backlog of $496 billion. Analysts expect AWS growth of 30% to 35% in the third quarter. Capital spending will also be in focus after Amazon raised its 2026 capex outlook to $220 billion from $200 billion.
Third-quarter guidance calls for net sales of $197 billion to $202 billion and operating income of $22.5 billion to $26.5 billion, and growth looks softer because Prime Day fell in the second quarter this year instead of the third, which Amazon said cost nearly 4 percentage points of growth. Advertising, which rose 26% to $19.8 billion last quarter, will be watched as well.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $335.62. Recent analyst moves include:
Morgan Stanley: Overweight (Raises Target to $350.00) (Oct. 19)
Wells Fargo: Overweight (Lowers Target to $329.00) (Oct. 12)
Cantor Fitzgerald: Overweight (Lowers Target to $310.00) (Oct. 12)
Amazon Trades 5.8% Above Its 200-Day Average, With Improving Momentum and a May Golden Cross IntactFrom a trend perspective, Amazon is still holding a constructive longer-term posture: it’s trading about 1.1% above the 20-day SMA ($254.46), about 0.4% above the 50-day SMA ($256.33), and roughly 5.8% above the 200-day SMA ($243.21). That said, the 20-day SMA remains below the 50-day SMA (a short-term bearish crossover), which can keep rallies choppy until price proves it can build separation above the short-term averages.
Momentum is best framed through MACD right now: MACD is above its signal line and the histogram is positive, which points to improving momentum versus the prior downswing even if price is still vulnerable to a pullback on a weak tape. In plain terms, when MACD is above the signal line, it suggests downside pressure is easing, and buyers are starting to regain control at the margin.
Key levels are tight enough to matter quickly if volatility picks up after the open:
Key Resistance: $259.50 — a nearby pivot area where rebounds can stall, sitting just above current price and close to the short-term moving-average zone
Key Support: $244.50 — a nearby level where buyers previously stepped in, also not far above the 200-day moving-average area that often acts as a trend "line in the sand"
Zooming out, the bigger-picture backdrop remains positive with the stock up 20.38% over the past 12 months, and the golden cross in May (50-day SMA above the 200-day SMA) still supports the longer-term uptrend narrative. Traders will also remember the recent swing high in August and swing low in September as the most recent range that can define breakout or breakdown risk.
Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Amazon, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Bullish (Score: 75.56) — The stock’s trend profile is still supportive, even with premarket weakness.
Quality: Neutral (Score: 59.67) — Fundamentals screen as steady rather than standout, which can keep the stock trading more "macro-driven."
Value: Neutral (Score: 56.25) — Valuation looks closer to the middle of the pack, suggesting price may hinge more on execution and guidance than multiple expansion.
Growth: Bullish (Score: 92.19) — Growth is the clear pillar, helping explain why the stock can stay well-bid on longer timeframes.
The Verdict: Amazon’s Benzinga Edge signal reveals a growth-led profile with supportive momentum, which can help the stock recover quickly when index pressure fades. The main trade-off is that value and quality read more middle-of-the-road, so the next catalyst—especially earnings—may matter more than the multiple.
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Amazon Shares Edge LowerAMZN Price Action: At the time of publication, Amazon shares are trading 1.73% lower at $257.82, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
A major security scare involving PHP, software used to run much of the internet, has forced government agencies and businesses to suspend websites while racing to fix two critical vulnerabilities. Japanese Prime Minister Sanae Takaichi urged website operators to install emergency security updates or consider temporarily suspending vulnerable services.
Morgan Stanley analyst Brian Nowak recently released a bullish investor note for Amazon (AMZN -0.10%) and raised the price target on the company's stock to $350 -- more than 33% upside from its current price.
Amazon has significantly trailed the S&P 500 over the past six months as investors have questioned the broader artificial intelligence (AI) trade amid skyrocketing spending from tech companies. Amazon, for its part, says it will spend $220 billion this year on capital expenditures (capex), mostly for AI.
How could all that spending be worth it for Amazon, and why might now be a good time to buy Amazon stock? It's because the tech giant has significant long-term opportunities in AI chips and cloud computing.
Image source: Getty Images.
Amazon remains the leading cloud computing company Amazon is the leading cloud computing company, with its Amazon Web Services (AWS) taking 28% market share, according to Synergy Research Group. As AI has expanded over the past several years, companies need higher cloud computing capacity to run their new software and services.
The result is a 37% increase in AWS sales in the second quarter of 2026, and the business achieved $169 billion in annualized revenue. AWS is not just a fast-growing part of Amazon's total business; it's also highly profitable, bringing in $16.6 billion in operating income, with impressive operating margins of 39%.
AI cloud computing is poised to become a major part of the tech economy. Estimates from Goldman Sachs put the global AI cloud market at $2 trillion by 2030, as tech companies invest more in capacity.
Amazon CEO Andy Jassy has been bullish on AWS' growth potential for a while, believing it could be worth $300 billion in a decade. But with the recent surge in AI cloud demand, Jassy now thinks AWS' annualized revenue run rate could double that amount to $600 billion by 2036.
That growth potential should make Amazon's current capex spending much more palatable for investors. It's not that they should ignore spending, but with Amazon already a leading cloud company and successfully tapping into this massive market, I think it can continue to convert its AI capex into significant revenue.
AMZN Amazon$262.37-$0.26 (-0.10%)
NASDAQ · As of 4:00 PM ET 10/21/26
AI chip sales are an increasingly important opportunity Another catalyst for Amazon comes from the company's custom Trainium AI processor. Amazon's leadership said on the second-quarter earnings call that its custom processor revenue grew to an annualized revenue run rate of $25 billion.
That's important because custom AI processors play an increasingly critical role in AI. Custom processors like Trainium can run AI models more efficiently than general GPUs, and companies are scooping them up as they try to gain an advantage in the AI market.
Amazon says OpenAI, Anthropic, and others are already purchasing its custom processors, and Jassy said on the call: "We just have an incredible amount of demand for Trainium. There are a lot of customers who are very excited about using it in the form that we're providing right now."
Research from Trendforce shows that custom AI processor sales will grow by 45% this year, compared with 16% for GPU sales. And Amazon's long-term opportunities from this market could be huge, considering it already has $225 billion in customer commitments for its Trainium processors.
A 30% share price surge isn't guaranteed AI stocks are a bit wobbly right now, and Amazon is no exception. But unlike some other tech companies that are spending heavily on AI and still trying to figure out how to generate significant revenue from it, Amazon's sales are accelerating.
And with its leading position in AI cloud computing and rising revenue from custom AI processors, the company is well positioned to remain an AI leader.
Whether the stock can jump 30% from its current level remains to be seen, but for the reasons I mentioned above, there are at least two solid reasons to be bullish on Amazon stock.
Morgan Stanley recently tapped Amazon (AMZN -0.10%) as its "Top Pick," placing a $350 price target on the stock. Analyst Brian Nowak called Amazon a "Rule of 90" company, meaning its annual revenue growth rate and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin could exceed 90%.The analyst said he sees five catalysts for the stock to climb higher.
First, Nowak sees Amazon's cloud computing unit, Amazon Web Services (AWS), growing faster than previously expected. He now expects AWS to grow by 47% next year and 42% in 2028, after Nvidia noted that Amazon is expected to buy 2 million of its graphics processing units (GPUs) over the next two years. The analyst also predicted that Amazon will spend a whopping $355 billion in capital expenditures in 2027 and $365 billion in 2028.
In addition to AWS revenue nearly tripling from $128.7 billion in 2025 to $373.6 billion in 2028, Nowak also expects the segment's operating margins to expand. He sees them coming in at 42% in 2027 and 44% in 2028, helping lead to $16.50 in adjusted EPS in 2028. The analyst also thinks increased visibility into its AI model service, Bedrock, could help drive multiple expansion for the stock.
On the e-commerce side, Morgan Stanley sees Amazon becoming an AI shopping winner and expects it to eventually team up with Meta Platforms and its Muse AI agent, which it has initially been reluctant to do.
Finally, Nowak called out Amazon's use of robotics, noting that for every 10% of units processed through a robot-powered fulfillment center, Amazon can save between $2 billion and $4 billion a year. He said that Amazon's efficiency is expanding quicker than he initially modeled.
Image source: The Motley Fool.
Amazon is one of my favorite stocks right now and one I own. The company should continue to see AWS growth accelerate as its large AI infrastructure investments begin to kick in. It has large commitments from both Anthropic and OpenAI, with its backlog growing into the triple digits in Q2, ending the quarter at $496 billion. The company is getting a nice return on its chip and networking investments with a payback of less than three years, while locking in contracts for five years or more.
I think Amazon's AWS economics could improve even further if it can direct more of this business toward its own Trainum chips. In April, CEO Andy Jassy said its chip business has a revenue run rate of around $20 billion and is closer to $50 billion when including internal use. Meanwhile, rival Alphabet has said it is seeing a one-year payback on its Tensor Processing Units (TPUs), so the opportunity is certainly there.
Regardless, Amazon has the best scale in the cloud computing space, and Jassy has said this could eventually become a $1 trillion revenue business.
AMZN Amazon$262.37-$0.26 (-0.10%)
NASDAQ · As of 4:00 PM ET 10/21/26
I also feel that Amazon's e-commerce operations are underappreciated. The business continues to see strong sales growth despite an uneven consumer environment. At the same time, it has some attractive new growth initiatives, including expanding its logistics network to offer high-margin, less-than-truckload shipping. Meanwhile, the company has quietly become one of the largest digital advertisers on the planet, and it continues to see strong growth in this high-gross margin business.
Perhaps the most underestimated part of the Amazon story, though, is its leadership in robotics. The company is the largest manufacturer and user of robots in the world, with a fleet of over 1 million robots, all controlled by its DeepFleet AI model. This is creating significant operational efficiencies in its e-commerce operations, leading to profit growth that far exceeds revenue growth.
With the stock trading at a forward P/E of 25 times 2027 analyst estimates, Amazon trades at a huge discount to brick-and-mortar retailers like Walmart and Costco, making it a no-brainer buy in my view.
Geoffrey Seiler has positions in Alphabet, Amazon, and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Costco Wholesale, Meta Platforms, Nvidia, and Walmart. The Motley Fool has a disclosure policy.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The tech world is racing to implement fixes after the discovery of critical security vulnerabilities in software used to power much of the internet.
The software, known as PHP, is an open-source programming language widely used to power websites and web applications. The discovery of the flaws prompted urgent warnings from governments worldwide, while tech giants including Google, OpenAI and Amazon have been involved in efforts to uncover the vulnerabilities, detect potential attacks and protect affected systems.
The two vulnerabilities, collectively known as "PHP2Shell," could allow hackers to remotely execute malicious code on affected servers, potentially exposing sensitive data, according to cybersecurity researchers. While not every website using PHP is necessarily vulnerable, the software's widespread use has raised concerns about the potential scale of attacks.
The U.S. National Security Agency on Wednesday urged organizations using PHP to prepare security updates addressing the vulnerabilities, warning that the flaws could provide attackers with direct access to server file systems and databases. The agency recommended taking affected systems offline until the vulnerabilities are fully addressed if immediate updates are not possible.
The Federal Bureau of Investigation also warned that malicious actors could exploit the vulnerabilities to execute code remotely, putting sensitive data and networks at risk.
Cybersecurity authorities in Singapore, the United Kingdom, Australia, Canada and the European Union have issued similar alerts, underscoring concerns about the potential impact on businesses, government agencies and other organizations that rely on PHP-based systems.
Amazon said its threat intelligence team had detected attempts to exploit the vulnerabilities before they were publicly disclosed, using its MadPot threat detection system, which monitors suspicious activity across internet-facing infrastructure. It said the findings suggest malicious actors were already attempting to exploit the vulnerabilities. However, Amazon said it remains unclear how the attackers obtained information about the flaws ahead of their disclosure.
Meanwhile, Google and OpenAI highlighted the growing role of artificial intelligence in identifying and addressing cybersecurity threats. Google said its cybersecurity unit Wiz used AI models to help find and investigate the vulnerabilities, while its Gemini AI contributed to efforts to assess the flaws, test potential attacks and verify security patches.
OpenAI said researchers working with its AI models had also helped uncover critical vulnerabilities in PHP. The company said it had spent the past two months leading a coalition of software maintainers, cybersecurity researchers and security providers to coordinate fixes and prepare protective measures ahead of public disclosure.
The ChatGPT maker described the flaws as among the most significant security issues in recent memory, highlighting both the potential of advanced AI systems to identify vulnerabilities in widely used software and the risk that similar capabilities could be exploited by cybercriminals.
Cloudflare, which provides cybersecurity and website infrastructure services, said it had deployed protections against the PHP2Shell vulnerabilities through its web application firewall. The company said its measures were designed to help block malicious requests targeting affected systems, providing an additional layer of defense as organizations work to install software updates.
The PHP development team has released security fixes, with authorities urging website operators to identify affected versions and apply the updates as quickly as possible. The episode underscores how vulnerabilities in widely used software can pose risks across industries and borders, even as AI increasingly plays a role in helping security researchers uncover and address those weaknesses.
Amazon.com Inc (NASDAQ:AMZN) could strengthen its retail margins through warehouse automation and an expanding logistics network, as investments in fulfillment capacity and third-party parcel delivery create new opportunities, according to Jefferies.
Following a discussion with a logistics industry expert, the broker said automation remains a key long-term competitive advantage for Amazon, helping reduce its exposure to labour shortages and wage inflation even if immediate cost savings prove limited.
Amazon has deployed more than 1 million robots, but the expert estimates only 40% to 45% of its US small-sortable fulfillment centers are highly automated, suggesting considerable room for further adoption.
Newer facilities can process around 1 million units on peak days with approximately 1,000 workers, compared with 2,500 to 3,000 historically. A US$1 hourly increase in warehouse and driver wages would add an estimated US$1.1 billion to operating expenses, highlighting the value of reducing labor dependency.
Jefferies also sees renewed investment in retail logistics, with gross logistics space additions rising from 56 million square feet in 2025 to 81 million in 2026. Amazon has around US$27 billion in visible capital expenditure planned over the next couple of years, covering automated fulfillment centers, inbound cross-docks and delivery infrastructure.
The broker identified third-party parcel delivery as another potential growth area. Amazon could expand its US delivery stations from approximately 575 to 950 by 2030, allowing it to handle more shipments currently managed by UPS and the US Postal Service.
Early trials reportedly show 20% to 25% savings for business-to-consumer shippers, partly because Amazon avoids some residential, weekend and package surcharges charged by established carriers. However, execution during peak shopping periods remains a key test.
Grocery presents a more difficult challenge. Delivery costs of US$10 to US$12 per order make smaller baskets challenging to profitably serve.
Jefferies sees potential in Amazon's planned Illinois hybrid retail and fulfillment concept, expected in 2028, which would combine large-format shopping with automated rapid delivery.
The broker remains constructive on Amazon's margin outlook, expecting fulfillment efficiencies and AWS operating leverage to offset the structural challenges of its retail business.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Amazon's expanded fresh food delivery is helping it win market share from more traditional retailers. : Deb Cohn-Orbach/UCG/Universal Images Group via Getty Images Amazon is gaining ground in grocery thanks to items like fresh shrimp and berries.
Roughly a year after expanding same-day fresh grocery delivery to thousands of cities and towns in the US, Amazon's perishable grocery sales are booming — and taking market share from traditional retailers, according to data from market research firm Nielsen IQ.
Sales of groceries such as seafood, dairy, and produce on Amazon increased severalfold between June and August, per Nielsen IQ's data. Amazon also posted market share gains in the food category for the year through late August as traditional grocery stores lost it, Nielsen found.
Amazon gained market share in food sales, both overall and online, as rivals such as grocery stores lost it. Nielsen IQ "Shoppers are increasingly embracing Amazon for categories that historically represented one of the largest barriers to online grocery adoption," Nielsen wrote in its report.
Amazon has spent years trying to break into grocery, though it hasn't hit a home run in the category as it did with books or cloud computing. The company acquired Whole Foods, opened and shuttered another brick-and-mortar grocery chain, and created a selection of private-label groceries, among other steps.
The Nielsen IQ data suggest that Amazon's latest push — toward delivering fresh groceries quickly across much of the US — is yielding some results in the competitive grocery space.
Many of the shoppers buying fresh foods on Amazon come from households with incomes over $100,000 and tend to be older, according to Nielsen IQ. They also tend to be frequent Amazon users, placing more orders and spending more money on the platform than an average user.
That means fresh groceries, one of the most frequent purchases for US households, are "a potentially important lever for increasing shopper frequency and overall spend" on Amazon, the report reads.
To keep the momentum going, Amazon will need to take on formidable rivals. One is Walmart, which already uses its stores and its own army of gig workers to deliver groceries same-day.
Amazon is considering opening about 1,000 same-day fulfillment centers around the US by 2031, Business Insider reported in September. That move would create the same sort of advantage that Walmart has by placing more fulfillment centers close to more customers, one analyst said.
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Alex Bitter is a senior retail reporter covering Uber, Lyft, DoorDash, Instacart, and related companies. His coverage ranges from the experiences of gig workers to what's happening inside the world's biggest ride-hailing and delivery companies.Alex has also written about the retail and food industries. Convenience store chain Sheetz ended its "smile policy" after his reporting. Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
Amazon Grocery Food More Delivery Retail E-Commerce
AWS just posted its fastest growth rate in 18 quarters, but a $200 billion capital spending plan and deeply negative free cash flow are raising serious questions about whether Amazon can actually afford its own ambitions.
The 24/7 Wall St. price target for Amazon (NASDAQ:AMZN | AMZN Price Prediction) is $329.06. That is 31.62% above the $250 close on October 16. The stock gets a buy rating from our model with fairly high confidence.
Metric Value Current Price $250 Price Target from 24/7 Wall St. $329.06 Upside/Downside 31.62% Recommendation BUY Confidence Level 70% My case rests on AWS. Revenue there grew 37% last quarter, the fastest rate in 18 quarters, and the backlog reached $496 billion. AWS is quickly becoming the main driver of Amazon’s valuation.
AWS Acceleration Collides With a Choppy October Shares fell 4.74% over the past week and rose 1.64% over the past month. They are about flat over three months, up 0.04%, and up 8.31% year to date. The stock sits 12.95% below its 52-week peak of $287.20 and trades 27.55% above its low of $196.
Second-quarter revenue rose 19.6% to $200.61 billion, beating estimates by 2.12%. GAAP EPS came in at $5.75, lifted by a $53.4 billion Anthropic gain.
Comparable EPS of about $1.88 beat the $1.83 estimate. For the third quarter, Amazon guided to operating income of $22.5 billion to $26.5 billion, compared with $17.4 billion a year earlier.
Why Bulls See $378 Within Reach AWS now has a $169 billion annualized run rate. Its AI and chips businesses have each passed $25 billion run rates. OpenAI committed to about 2 GW of Trainium capacity, and Anthropic to up to 5 GW.
CEO Andy Jassy said AWS could “very possibly be a trillion dollar annual revenue business for us in time.” Analysts agree: 16 rate it Strong Buy, 43 give it a Buy and none call it a Sell. Our bull case reaches $378.24.
Cash Burn Risks That Could Derail the AWS Story Amazon plans about $200 billion of capital spending in 2026, and trailing free cash flow has turned negative at -$7.6 billion. Headline earnings are also inflated by one-time Anthropic gains.
In fairness, management says servers break even in a little less than three years, and most AI capacity is signed to at least five-year terms. Our bear case of $283.26 still sits above today’s price.
How Amazon Stacks Up Against Microsoft and Alphabet Microsoft (NASDAQ:MSFT) belongs here because Azure is AWS’s closest rival. Last quarter Azure grew 43%, and commercial bookings Microsoft has yet to recognize as revenue reached $678 billion. Even with faster cloud growth, Microsoft trades at a lower P/E than Amazon.
In both cloud and advertising, Alphabet (NASDAQ:GOOGL) competes with Amazon. Google Cloud grew 82%. However, its low P/E is flattered by a $99.03 billion equity gain.
Company P/E Cloud Growth Amazon 35x 37% Microsoft 29x 43% Alphabet 15x 82% Amazon carries a premium multiple, but that premium buys the largest cloud business plus advertising and retail. Compared with these peers, our target looks reasonable.
AWS Momentum Tips the Scale at $250 The 24/7 Wall St. price target of $329.06 comes with a buy rating at 70% confidence. The deciding factor is AWS reaccelerating on a very large base. Gains pile up if AWS growth remains above 30% and capital spending starts turning into backlog conversion.
Risks grow if free cash flow keeps falling into 2027 without a matching rise in AWS margins. On balance, the model shows more reward than risk at this price.
Looking further ahead, here is where our model projects Amazon could trade, assuming current growth patterns continue.
Year Price Target from 24/7 Wall St. 2026 $262.59 2027 $326.83 2028 $386.75 2029 $466.71 2030 $519.42 These projections assume Amazon stays on its current strategic path. Results could beat them if Trainium demand exceeds expectations, or fall short if AI spending stops paying off.
Contact [email protected] for any questions or corrections.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Focus Financial Network Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,543 shares of the e-commerce giant’s stock after selling 8,909 shares during the quarter. Amazon.com makes up 2.2% of Focus Financial Network Inc.’s portfolio, making the stock its 6th biggest position. Focus Financial Network Inc.’s holdings in Amazon.com were worth $72,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in AMZN. ASK Capital Investment Managers LLC bought a new stake in Amazon.com during the third quarter valued at $5,318,000. Q Fund Management Hong Kong Ltd lifted its position in shares of Amazon.com by 594.0% in the 3rd quarter. Q Fund Management Hong Kong Ltd now owns 3,470 shares of the e-commerce giant’s stock worth $865,000 after buying an additional 2,970 shares during the last quarter. Citrine Capital LLC lifted its position in shares of Amazon.com by 9.8% in the 3rd quarter. Citrine Capital LLC now owns 3,034 shares of the e-commerce giant’s stock worth $756,000 after buying an additional 271 shares during the last quarter. Succession Financial Inc. lifted its position in shares of Amazon.com by 8.5% in the 3rd quarter. Succession Financial Inc. now owns 2,270 shares of the e-commerce giant’s stock worth $566,000 after buying an additional 177 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC boosted its holdings in shares of Amazon.com by 28.5% in the 3rd quarter. Liberty Atlantic Advisors LLC now owns 2,442 shares of the e-commerce giant’s stock valued at $608,000 after buying an additional 541 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Amazon.com In other news, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.
Amazon.com Stock Performance AMZN opened at $262.63 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $256.25 and its 200-day moving average is $252.67. The stock has a market cap of $2.83 trillion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. During the same period in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 8.02 earnings per share for the current year.
Analysts Set New Price Targets A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a report on Friday, August 14th. Mizuho set a $330.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research note on Monday, August 3rd. Finally, Tigress Financial reaffirmed a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $322.53.
View Our Latest Stock Analysis on AMZN
Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth. Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability. Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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First Citizens Bank & Trust Co. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 412,242 shares of the e-commerce giant’s stock after buying an additional 44,499 shares during the quarter. Amazon.com makes up approximately 1.4% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 15th largest holding. First Citizens Bank & Trust Co.’s holdings in Amazon.com were worth $102,710,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Auto Owners Insurance Co boosted its holdings in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the period. Bank of America Corp DE bought a new stake in shares of Amazon.com during the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the second quarter worth about $16,341,405,000. Legal & General Group Plc purchased a new stake in shares of Amazon.com in the second quarter worth about $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Amazon.com in the second quarter worth about $6,631,466,000. 72.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In A number of analysts recently weighed in on AMZN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a report on Monday, August 3rd. TD Cowen reiterated a “buy” rating and issued a $350.00 target price on shares of Amazon.com in a research note on Monday, October 5th. Yorkville Ives began coverage on shares of Amazon.com in a research note on Monday. They issued an “outperform” rating and a $300.00 target price on the stock. Wedbush raised their price target on shares of Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Tigress Financial restated a “buy” rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.53.
Read Our Latest Stock Analysis on AMZN Amazon.com Stock Performance NASDAQ AMZN opened at $262.63 on Wednesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a fifty day moving average of $256.25 and a 200-day moving average of $252.67. The company has a market capitalization of $2.83 trillion, a P/E ratio of 21.13, a P/E/G ratio of 2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.
Insider Transactions at Amazon.com In other news, CEO Douglas Herrington sold 6,362 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company’s stock.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth. Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability. Amazon.com Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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N10 Assets LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,742 shares of the e-commerce giant’s stock after selling 1,976 shares during the quarter. Amazon.com makes up approximately 5.8% of N10 Assets LLC’s investment portfolio, making the stock its 5th largest holding. N10 Assets LLC’s holdings in Amazon.com were worth $15,881,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new stake in Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com during the second quarter valued at approximately $16,341,405,000. Amundi lifted its position in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Amazon.com in the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Price Performance Shares of Amazon.com stock opened at $262.63 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The business has a 50-day moving average price of $256.25 and a 200 day moving average price of $252.67. The firm has a market cap of $2.83 trillion, a PE ratio of 21.13, a P/E/G ratio of 2.03 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. Amazon.com’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year. Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth. Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability. Wall Street Analyst Weigh In AMZN has been the topic of several analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Amazon.com in a report on Thursday, October 15th. Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Royal Bank Of Canada increased their price objective on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Barclays reissued an “overweight” rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Friday, August 14th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.53.
Check Out Our Latest Report on AMZN
Insider Buying and Selling In other news, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $251.50, for a total value of $251,500.00. Following the transaction, the chief executive officer directly owned 474,681 shares of the company’s stock, valued at approximately $119,382,271.50. The trade was a 0.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,580,515 in the last 90 days. Corporate insiders own 8.90% of the company’s stock.
About Amazon.com (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Read More Five stocks we like better than Amazon.com Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
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Enclave Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,969 shares of the e-commerce giant’s stock after selling 5,647 shares during the period. Amazon.com comprises approximately 2.3% of Enclave Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Enclave Advisors LLC’s holdings in Amazon.com were worth $17,931,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Trust Asset Management LLC raised its position in Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. bought a new position in shares of Amazon.com during the 2nd quarter worth $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC bought a new position in shares of Amazon.com during the 2nd quarter worth $33,000. Finally, Atomic Invest LLC increased its stake in shares of Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock valued at $40,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Activity In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In AMZN has been the subject of several recent research reports. Barclays restated an “overweight” rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a report on Friday, July 31st. Rosenblatt Securities increased their target price on shares of Amazon.com from $335.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Roth Capital restated a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a report on Monday, August 3rd. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $322.53. Get Our Latest Stock Analysis on Amazon.com
Amazon.com Trading Up 0.1% Shares of Amazon.com stock opened at $262.63 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.03 and a beta of 1.45. The firm’s 50 day simple moving average is $256.25 and its two-hundred day simple moving average is $252.67.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter last year, the company posted $1.68 earnings per share. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 8.02 EPS for the current year.
Amazon.com News Summary Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth. Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability. Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Featured Articles Five stocks we like better than Amazon.com Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
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Generate Investment Management Ltd increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 27.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 898,945 shares of the e-commerce giant’s stock after acquiring an additional 191,746 shares during the quarter. Amazon.com comprises approximately 8.7% of Generate Investment Management Ltd’s holdings, making the stock its 3rd largest holding. Generate Investment Management Ltd’s holdings in Amazon.com were worth $223,972,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. 6th Street Advisors LLC boosted its holdings in Amazon.com by 526.1% in the 3rd quarter. 6th Street Advisors LLC now owns 21,314 shares of the e-commerce giant’s stock valued at $5,310,000 after purchasing an additional 17,910 shares during the period. Wealth Forward LLC increased its holdings in shares of Amazon.com by 6.8% during the 3rd quarter. Wealth Forward LLC now owns 1,443 shares of the e-commerce giant’s stock worth $360,000 after purchasing an additional 92 shares during the period. Koa Wealth Management LLC increased its holdings in shares of Amazon.com by 4.2% during the 3rd quarter. Koa Wealth Management LLC now owns 19,117 shares of the e-commerce giant’s stock worth $4,763,000 after purchasing an additional 779 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Amazon.com by 12.1% during the third quarter. First Citizens Bank & Trust Co. now owns 412,242 shares of the e-commerce giant’s stock valued at $102,710,000 after buying an additional 44,499 shares during the last quarter. Finally, Fearless Solutions LLC dba Best Invest raised its position in shares of Amazon.com by 7.1% during the third quarter. Fearless Solutions LLC dba Best Invest now owns 20,014 shares of the e-commerce giant’s stock valued at $4,987,000 after buying an additional 1,325 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insiders Place Their Bets In related news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,580,515 in the last quarter. 8.90% of the stock is owned by corporate insiders.
Amazon.com News Summary Here are the key news stories impacting Amazon.com this week: Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth. Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability. Amazon.com Stock Performance Shares of NASDAQ:AMZN opened at $262.63 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The business’s fifty day moving average price is $256.25 and its two-hundred day moving average price is $252.67. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same period last year, the business earned $1.68 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.
Wall Street Analyst Weigh In Several research firms recently weighed in on AMZN. Raymond James Financial reiterated an “outperform” rating and issued a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. TD Cowen restated a “buy” rating and set a $350.00 price target on shares of Amazon.com in a research note on Monday, October 5th. KeyCorp reaffirmed an “overweight” rating on shares of Amazon.com in a report on Thursday, October 15th. Barclays reaffirmed an “overweight” rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Monness Crespi & Hardt raised their price objective on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $322.53.
Read Our Latest Analysis on Amazon.com
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
Read More Five stocks we like better than Amazon.com Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
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SummaryAmazon, Ares Management, and MIAX are my top picks in a market driven by AI capex and selective profitability.AMZN's massive AI-backed capex is supported by strong demand, with potential for $1 trillion in AWS revenue and double-digit EPS growth.ARES offers private credit exposure, robust AUM growth, and a near 5% yield, trading at a six-year low P/E with double-digit EPS growth expected.MIAX is a high-risk disruptor with execution challenges, but a strong balance sheet and long-term EPS growth potential make it attractive at current levels.Looking for more investing ideas like this one? Get them exclusively at Main Street Alpha. Learn More » bluejayphoto/iStock via Getty Images
Introduction You know the saying that "this time is different," right? It's fascinating because it's often used in a bit of a sarcastic way. I get that, as there's nothing new under the sun. It even says
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Amazon (AMZN +0.07%) and Alphabet (GOOG -1.10%)(GOOGL -1.14%) are two of the most valuable companies in the world.
Alphabet has a robust business centered around YouTube and Google, and its valuation is around $4.1 trillion, with Apple and Nvidia being the only other "Magnificent Seven" stocks to command a higher market cap. Amazon, whose online marketplace has become the go-to shopping option for many consumers around the world, has a more modest valuation of $2.8 trillion.
Both of these tech stocks have made investors rich over the years. Today, they're the cheapest stocks within the Magnificent Seven. Which one should investors buy?
Image source: Getty Images.
Which business is growing faster?Both Amazon and Alphabet have tremendous growth opportunities due to artificial intelligence (AI). And while they have both generally been moving in the same direction, Alphabet has had a slightly better growth rate in recent years.
AMZN Revenue (Quarterly YoY Growth) data by YCharts
Amazon, however, has a much larger business, as it has generated $776 billion in revenue over the past four quarters, versus $446 billion for Alphabet. While both tech companies are behemoths, Amazon's is significantly larger in terms of revenue, which can make it more challenging for it to continue to grow at a high rate.
Alphabet's business isn't as big, but it generates better margins What I like about Alphabet's business is how efficient and highly profitable it is. Unlike Amazon, which is knee-deep in competition with Walmart and online retailers trying to undercut its marketplace, Alphabet is working from a much more dominant position. There aren't any serious rivals to YouTube or Google Search. While there are alternatives out there, they don't pose serious threats, as the company dominates search and the video-sharing market.
GOOGL Alphabet$340.28-$3.91 (-1.14%)
NASDAQ · As of 4:00 PM ET 10/20/26
The company demonstrates its power when it adjusts its algorithms, which can make or break the traffic a video or a website gets from search results. Amazon simply doesn't have the same type of power that Alphabet does. And that's a big reason why Alphabet is able to secure stronger profit margins.
In the past four quarters, Alphabet has amassed $148 billion in operating profit, for an impressive margin of 33%. Amazon, by comparison, has averaged an operating margin of just 12% over the past 12 months.
Which stock is more reasonably valued?An important consideration when picking a stock to buy is valuation. Even if a business is doing incredibly well, that doesn't mean that its stock is a buy at any price. A high valuation can make it difficult to earn a good return on an investment; even a stock whose underlying business looks incredibly strong may not be a good buy if its price tag is too high.
While there are multiple metrics investors can choose from when evaluating stocks, I prefer the forward price-to-earnings (P/E) multiple. This is based on analyst expectations and can be a better indicator of how expensive or cheap a stock is than the trailing P/E multiple, since it won't have one-time gains or losses and other nonrecurring items that can sometimes distort trailing earnings numbers.
At a forward P/E of nearly 24, Amazon's stock is a bit more expensive than the S&P 500 average, which is 19. Alphabet, meanwhile, trades at a slightly more modest forward P/E of just under 22.
AMZN Amazon$262.63+$0.18 (+0.07%)
NASDAQ · As of 4:00 PM ET 10/20/26
Alphabet is the better buy, and it's not even closeEven though Alphabet has a higher market cap than Amazon, it still looks like the stock with more upside potential at this stage. While both of these companies can be big winners due to AI, Alphabet's business is more diversified and may be able to get a better return on its AI investments given its higher profit margins; it's the growth stock I'd go with today.
SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today announced it is hiring over 300,000 people for seasonal, part-time, and full-time roles across its U.S. core operations network nationwide this holiday season. Beginning January 1, 2027, all eligible seasonal employees will have access to healthcare coverage starting on their first day of work, with plans starting at $5 a week with $5 copays. Seasonal employees earn an average of $20 an hour, while full-time core operations employees start at.
Amazon will begin offering seasonal workers health coverage to attract more workers for the holiday shopping season. The eCommerce giant made that announcement Tuesday (Oct. 20) as it began its annual holiday recruitment effort, aiming to hire 300,000 workers for the season, 50,000 more than last year's goal.
Shares of Amazon (AMZN +0.07%) leaped about 5% on Monday. Still, the stock trades near $262 as I write, about 8% off its record close of $284.02 on Aug. 3.
For those buying today, though, the more helpful yardstick is an S&P 500 (^GSPC +0.28%) index fund. From 1928 through 2025, the index compounded at about 10% a year with dividends reinvested, according to historical data gathered by New York University professor Aswath Damodaran. Any one stock needs to beat that to be worth the added risk.
I think Amazon will beat it over the next five years, mostly because its profits are growing far faster than its sales.
Image source: Getty Images.
Profits are growing faster than salesAmazon's net income isn't a good gauge now. Its second-quarter net income of $62.6 billion included $53.4 billion in pre-tax non-operating income, mainly from its investments in Anthropic.
Operating income leaves gains like that out, giving a better look at the business itself. And the business looks impressive. Amazon's operating income more than tripled from $22.9 billion in 2020 to $80 billion in 2025, compounding at around 28% a year.
It's still climbing fast, hitting $93.7 billion in the 12 months through June, up 23% year over year.
This growth rate is accelerating, too. By the same measure, trailing-12-month operating income rose around 17% as of December and 19% as of March.
Trailing-12-month sales, in comparison, rose about 16% year over year. Put another way, every dollar of sales is turning into more profit than before.
Can earnings keep this up?Driving much of the profit growth, Amazon Web Services (AWS) earned $54.7 billion in operating income over the trailing 12 months. That was around 58% of the company's total, from a segment pulling in under a fifth of its sales.
And the cloud computing arm is still speeding up, as AWS revenue rose 37% from the year-ago quarter.
Advertising is another engine. Second-quarter ad sales reached $19.8 billion, a 26% rise over the year-ago period, after staying at around 22% growth (excluding foreign exchange) for four straight quarters.
Ads sold on Amazon's own store pages are arguably among its most profitable sales, but the company doesn't report their margins.
Amazon's retail side is getting more profitable, too. Its North America segment had an operating margin of 7.4% for the trailing 12 months, up from 7% a year earlier. That might not seem like much. But on $454 billion in trailing sales, every extra percentage point of margin adds around $4.5 billion in yearly operating income.
Still, Amazon is paying a lot for this growth. Its net purchases of property and equipment climbed by $66.1 billion over the trailing 12 months, mainly for artificial intelligence (AI). Free cash flow for the same span was a $7.6 billion outflow. And depreciation on all these new data centers may drag down earnings for years to come. But most of this spending is going into AWS, the unit already posting the highest margin.
Management expects third-quarter operating income of $22.5 billion to $26.5 billion, versus $17.4 billion a year before. The company reports those results on Oct. 29.
I think Amazon can grow earnings around 15% yearly through 2031. Even that rate is about half what it did in the last five years -- leaving room for AWS growth to slow.
AMZN Amazon$262.63+$0.18 (+0.07%)
NASDAQ · As of 4:00 PM ET 10/20/26
Amazon doesn't need a perfect five yearsThe stock isn't cheap. At roughly $262, shares trade at about 25 times expected 2027 earnings, using analysts' consensus estimate. The S&P 500 trades at about 19 times its expected earnings over the next 12 months, according to FactSet.
Even against a later year's profits, then, investors pay a premium for Amazon.
But say the premium drops. If Amazon's earnings rise 15% a year and its price-to-earnings ratio eases from about 25 to about 22 by late 2031, the stock would return about 12% a year. This would put shares near $460.
Simply matching the index's long-run 10% would take earnings growth of only about 13% a year at that same lower price-to-earnings ratio.
In the end, I expect Amazon stock to beat the S&P 500 over the next five years, though likely by only a couple of percentage points a year. AWS growth might cool, and the AI spending may take longer to pay off than management hopes. But the stock doesn't need everything to work out to beat the index's long-run return.
Sure, every five-year forecast is partly guesswork. Even so, at today's price, I'd rather hold Amazon than the index fund.
Copeland Capital Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,180 shares of the e-commerce giant’s stock, valued at approximately $792,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Group Inc. raised its holdings in Amazon.com by 1.0% during the third quarter. Foster Group Inc. now owns 23,443 shares of the e-commerce giant’s stock worth $5,841,000 after purchasing an additional 235 shares in the last quarter. Ulrich Consultants & Investment Group LLC purchased a new stake in Amazon.com in the 3rd quarter valued at approximately $442,000. Krilogy Financial LLC boosted its holdings in Amazon.com by 12.9% in the 3rd quarter. Krilogy Financial LLC now owns 177,714 shares of the e-commerce giant’s stock valued at $44,191,000 after purchasing an additional 20,369 shares in the last quarter. Walker Asset Management LLC increased its position in Amazon.com by 98.9% during the 3rd quarter. Walker Asset Management LLC now owns 18,397 shares of the e-commerce giant’s stock worth $4,584,000 after purchasing an additional 9,148 shares during the period. Finally, RHS Financial LLC increased its position in Amazon.com by 21.1% during the 3rd quarter. RHS Financial LLC now owns 7,677 shares of the e-commerce giant’s stock worth $1,913,000 after purchasing an additional 1,335 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several analysts have recently commented on the company. Wedbush raised their price target on Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Truist Financial upped their price objective on Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Roth Capital reissued a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a report on Monday, August 3rd. Finally, Yorkville Ives started coverage on Amazon.com in a report on Monday. They issued an “outperform” rating and a $300.00 target price for the company. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $322.53.
Get Our Latest Stock Report on AMZN Amazon.com Trading Up 5.0% Shares of Amazon.com stock opened at $262.45 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 1.93 and a beta of 1.45. The business has a 50 day moving average price of $256.44 and a 200 day moving average price of $252.31.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. Amazon.com’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.
More Amazon.com News Here are the key news stories impacting Amazon.com this week:
Positive Sentiment: Morgan Stanley names Amazon a top pick: The firm raised its price target to $350 from $335 and maintained an Overweight rating, citing an “under-appreciated” AWS growth runway. Morgan Stanley now expects AWS growth of approximately 47% in 2027, alongside potential gains from Bedrock, agentic AI, advertising, robotics and automated fulfillment. Amazon stock pops after Morgan Stanley details five catalysts Positive Sentiment: AWS makes Trainium easier to adopt: Amazon introduced TorchNeuron, a tool designed to let developers run existing PyTorch applications on its Trainium chips with minimal code changes. The software could reduce Nvidia’s CUDA-related ecosystem advantage, improve Trainium adoption and lower customer AI-computing costs. Amazon is taking its biggest shot at Nvidia with TorchNeuron Positive Sentiment: Long-term power strategy supports AI expansion: Amazon agreed to fund development of a proposed 960-megawatt Indiana nuclear plant and intends to purchase its electricity. The project could provide reliable power for expanding data-center capacity, although it remains subject to feasibility work and approvals. Amazon to fund 12 small nuclear reactors in Indiana Neutral Sentiment: Data-center supply chain activity: 3M expanded its commercial relationship with Amazon for data-center products, reportedly involving a multibillion-dollar opportunity. The agreement highlights continued infrastructure spending but does not appear to materially change Amazon’s near-term earnings outlook. 3M expands Amazon data center partnership Negative Sentiment: Capital intensity remains a risk: Commentary noted Amazon’s planned roughly $220 billion in annual capital expenditures, negative free cash flow and higher long-term debt. Investors will need evidence that AI spending translates into durable AWS revenue and margin expansion. Amazon’s AI data-center spending challenges Insider Activity at Amazon.com In other news, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,589 shares of company stock valued at $18,580,515 in the last ninety days. 8.90% of the stock is owned by insiders.
Amazon.com Company Profile (Free Report)
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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Amazon (AMZN) plans to invest more than â¬16 billion ($18 billion) in Germany in 2027. The spending covers data centers and AI infrastructure, its Amazon Leo s
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Amazon says its seasonal job listings often fill within minutes of posting.
Michael Nagle/Bloomberg via Getty Images
Amazon plans to boost its seasonal workforce by 20%, assembling its largest temporary workforce ever.
The e-commerce giant aims to hire 300,000 employees during the holiday rush for its fulfillment and transportation network across the US. The target is up from 250,000 for each of the prior three years. It also plans to offer healthcare coverage on day one of employment for full-time, part-time, and seasonal hourly workers with at least 30 hours a week scheduled, starting January 1.
Seasonal workers who join before January 1 will begin receiving healthcare on that date, the company said. Workers who join after will have access from their first date of hire. The company hires seasonal workers year-round.
Amazon health plans start at $5 a week and include $5 copays. The company previously said part-time and seasonal employees qualified for medical insurance after 90 days, depending on the number of hours worked.
The company says seasonal employees can earn an average wage of more than $20 per hour, while full- and part-time regular employees see an average of nearly $24 per hour. Last month, Amazon increased its minimum pay for core operations workers to $20 an hour and gave all US workers new grocery discounts.
Seasonal hiring has been somewhat of a mixed bag this year, with some traditional retailers like Walmart and Target opting to tap into their existing workforces. Others, like Spirit Halloween, Michael's, and Dick's Sporting Goods have announced plans to collectively hire approximately 73,000 people this year.
A report last week from Indeed found that the seasonal hiring window is starting earlier in the year and shifting from conventional in-store retail toward more e-commerce fulfillment roles.
Amazon says its seasonal roles often fill within minutes of being posted, and that some seasonal workers ultimately find a longer-term position with the company.
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Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Dominick Reuter
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Dominick Reuter is a senior retail reporter for Business Insider, primarily covering Walmart, Target, Costco, and other big box retailers. His stories tend to focus on issues and trends that affect employees and customers, such as affordability challenges and the growing race to provide ultra-fast delivery services on e-commerce orders.Prior to joining BI in 2019, Dominick worked for more than a decade as an independent photojournalist covering a wide range of stories for global wire services and newspapers, including Reuters, the Wall Street Journal, and Agence France-Presse.Dominick studied photojournalism at Boston University and later earned a Masters in business and economics journalism from Columbia University.If you're an employee or customer with a story to share, please contact me via email or text/call/Signal at 646-768-4750.
