Bank of America Retains Buy on Amazon with $275 Target, Cites AI AWS Growth
Bank of America Securities analyst Justin Post maintained a Buy rating on Amazon with a $275 price target, citing AI-led AWS growth driven by Anthropic's ramp and planned AWS power capacity expansion. Amazon is among peers allocating part of a $650 billion collective 2026 capex for AI data centers.
1. Bank of America Maintains Buy on Amazon
Bank of America Securities analyst Justin Post maintained a Buy rating on Amazon.com with a $275 price target, highlighting robust AI-led growth prospects for AWS.
2. Anthropic Partnership Drives AWS Growth
Post pointed to Anthropic’s significant revenue ramp and increased usage of Claude models as catalysts for enterprise demand on AWS, potentially boosting cloud revenue.
3. 2026 AI Data Center Capex Plans
Amazon is among hyperscale peers planning to allocate part of a collective $650 billion in 2026 capital expenditures toward AI data centers, with additional AWS power capacity upgrades underway.