Analyst Sees Amazon’s (AMZN) ‘Azure Moment’ Coming for AWS

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks Investors are Watching. On June 26, Redburn reiterated the stock as “Buy” with a price target of $245. The firm said Amazon is “resilient,” backed by its Amazon Web Services offering.

Analysts believe that despite underperformance, AWS’s growth will witness a rebound. This rebound is poised to be a major catalyst for the stock.

“Amazon shares have underperformed year-to-date, held back by weak AWS performance and tariff-related ecommerce concerns. However, our analysis indicates that AWS growth should comfortably exceed lowered expectations, enabling AWS to deliver its own Azure moment — a surprise reacceleration that resets expectations higher.”

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Disclosure: None.