Why Wall Street Still Can’t Ignore Amazon.com, Inc. (AMZN)
Key takeaways
- Why Wall Street Still Can’t Ignore Amazon.com, Inc.
- Earlier on May 14, TD Cowen maintained a Buy rating and a price target of $350 on Amazon.com, Inc.
- As stated by the senior vice president, Amazon Worldwide Operations, Udit Madan,
Why Wall Street Still Can’t Ignore Amazon.com, Inc. (AMZN) Rameen Kasana Sat, May 23, 2026 at 9:52 PM GMT+7 2 min read AMZN Amazon.com, Inc. (NASDAQ:AMZN) is among the most traded US stocks so far in 2026. On May 20, Wells Fargo slightly trimmed the price target on Amazon.com, Inc. (NASDAQ:AMZN) to $312, down from $313, and reiterated an Overweight rating. According to the firm, market confidence is strengthening in companies directly monetizing compute investments through their cloud businesses. This is supported by increasing cloud revenues, improving margins, and robust backlog growth.
Earlier on May 14, TD Cowen maintained a Buy rating and a price target of $350 on Amazon.com, Inc. (NASDAQ:AMZN) after the launch of a 30-minute grocery delivery service. From fresh groceries to household essentials, the Amazon Now service delivers a range of items in 30 minutes or less.
As stated by the senior vice president, Amazon Worldwide Operations, Udit Madan,