Goldman Raises Amazon Target to $275 on AWS Strength as New NBA and Murex Deals Expand Cloud Reach
The higher target reflects confidence in AWS-led growth.
Overview
- Goldman Sachs lifted its Amazon price objective to $275 from $240 and kept a Buy rating, calling the company its preferred large-cap pick.
- The bank highlighted AWS and advertising as key growth paths, citing backlog, AI services, easing capacity constraints, custom silicon, and capex return profiles.
- The NBA named AWS its Official Cloud and Cloud AI Partner in a multi-year deal that includes the WNBA, NBA G League, Basketball Africa League, and NBA Take-Two Media.
- Murex and AWS announced a multi-year strategic collaboration agreement that expands their long-standing partnership.
- Mairs & Power reported initiating an Amazon position in Q2 2025 after April weakness tied to tariff news, citing retail share gains and cloud leadership.