European Investor
28 Aug 2026, 15:57
Amazon Rises 4.2% as Evercore ISI Raises Price Target to $355
Amazon (NASDAQ: AMZN) shares rose 4.2% after Evercore ISI maintained its Outperform rating and raised its price target on the stock.
The firm increased its Amazon price target to $355 from $315. With Amazon trading around $267, the new target implies roughly 33% upside from that level.
The bullish rating provides additional support for Amazon shares, with Evercore ISI signaling greater confidence in the company’s earnings and growth potential through the higher valuation target. The 4.2% gain suggests investors are responding positively to the analyst’s more optimistic outlook.
Amazon remains one of the largest beneficiaries of continued growth in cloud computing and artificial intelligence through AWS, while its dominant e-commerce and advertising businesses provide additional earnings drivers. The combination of these businesses strengthens Amazon’s position across several of the technology sector’s major growth areas.
Amazon (NASDAQ: AMZN) shares rose 4.2% after Evercore ISI maintained its Outperform rating and raised its price target on the stock.
The firm increased its Amazon price target to $355 from $315. With Amazon trading around $267, the new target implies roughly 33% upside from that level.
The bullish rating provides additional support for Amazon shares, with Evercore ISI signaling greater confidence in the company’s earnings and growth potential through the higher valuation target. The 4.2% gain suggests investors are responding positively to the analyst’s more optimistic outlook.
Amazon remains one of the largest beneficiaries of continued growth in cloud computing and artificial intelligence through AWS, while its dominant e-commerce and advertising businesses provide additional earnings drivers. The combination of these businesses strengthens Amazon’s position across several of the technology sector’s major growth areas.
