The post Wall Street analyst updates Amazon stock price after Q3 earnings appeared on BitcoinEthereumNews.com.

A Wall Street analyst has issued a bullish outlook on Amazon (NASDAQ: AMZN) stock as the equity rides strong momentum following its impressive third-quarter earnings. For the quarter, the technology giant surpassed analysts’ expectations across the board. Amazon Web Services (AWS) was a standout performer, posting a 20% year-over-year revenue increase to $33 billion. AWS’s operating income of $11.4 billion accounted for nearly two-thirds of Amazon’s total operating profit during the period. The digital advertising segment also showed solid growth, with sales rising 24% to $17.7 billion.  Overall, Amazon’s total revenue reached $180.17 billion, exceeding the average analyst estimate of $177.8 billion. Earnings per share came in at $1.95, beating the $1.57 forecast. As a result, AMZN stock ended Friday’s session up 9.5%, closing at $244. AMZN one-week stock price chart. Source: Finbold Analyst updates AMZN stock  On Wall Street, Cantor Fitzgerald raised its price target for the e-commerce giant to $315 from $280 while maintaining an ‘Overweight’ rating. The firm cited growing confidence in Amazon’s accelerating cloud business and improving retail profitability. According to Cantor’s updated analysis, Amazon’s third-quarter results showed revenue growth of 1% and EBIT up 9% year over year, excluding one-time factors such as severance and regulatory costs. The firm noted that its bullish outlook is supported by Amazon’s fourth-quarter guidance, which came in above Wall Street forecasts for both revenue and earnings, signaling management’s confidence in continued operational strength through the end of the year. Cantor Fitzgerald’s valuation update highlighted AWS’s momentum and margin recovery as key catalysts behind the new price target. The firm also observed that Amazon’s stock has lagged the Nasdaq by 21 percentage points year to date but believes the strong third-quarter performance sets the stage for a potential year-end catch-up. Wall Street turn bullish on AMZN stock  Across Wall Street,…

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Filed under: News - @ November 1, 2025 5:26 pm