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Evercore ISI maintains Outperform rating on Amazon with $285 price target, citing AWS AI revenue exceeding $15B annually.

Yahoo Finance AIApr 13, 20261 min read
Evercore ISI maintains Outperform rating on Amazon with $285 price target, citing AWS AI revenue exceeding $15B annually.

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3 Key Points

  1. Evercore ISI reaffirmed its Outperform rating on Amazon (NASDAQ:AMZN) on April 9

  2. AWS's AI revenue run rate has surpassed $15B, demonstrating strong growth in cloud AI services

  3. Amazon ranks among the top 10 high-flying AI stocks to buy according to analyst assessments

  4. CEO Andy Jassy's shareholder letter highlighted custom AI initiatives and AWS expansion opportunities

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