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Scotiabank raises Amazon PT on AWS optimism

ReutersJan 20, 2026 11:49 AM

Scotiabank raises PT on Amazon AMZN.O to $300 from $275, implying an upside of 25.5% to stock's last close

"Momentum seems strong, investor confidence in AWS is rising, and the outage earlier in the qtr. will likely only be around a ~1% impact," says brokerage

Adds AMZN can "continue to improve retail margins" which will drive operating margins and subdue "any near-term noise from AWS and capex"

Avgerage rating of 71 analysts tracking the stock is "buy"; their median PT is $300 - data compiled by LSEG

In 2025, stock rose 5.2%

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