Goldman Sachs raises its target price for Amazon shares to $375, maintaining a 'buy' rating
2026-08-01 03:40:04
According to CoinMeta, Goldman Sachs has raised its target price for Amazon (AMZN) from $335 to $375, maintaining a buy rating. Amazon's revenue in the second quarter reached $200.6 billion, a year-on-year increase of about 20%. Among this, AWS (Amazon's cloud services) revenue grew by 36.7% to $42.2 billion, marking the fastest growth in 18 quarters. Goldman Sachs noted that Amazon's capital expenditure plan for 2026 will reach $220 billion, reflecting continued investment in data centers, AI infrastructure, and custom silicon. Amazon's AI revenue growth rate has increased from $15 billion to $25 billion annually. Goldman Sachs also mentioned that Amazon's AWS business remains the main driver of its profitability and is expected to become a trillion-dollar annual revenue business in the future.
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Source:Coinpaper
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