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<Research> CMBI Raises Amazon.com, Inc. (AMZN.US) TP to USD305, Bullish on AWS Outlook
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CMBI issued a research report stating that Amazon.com, Inc. (AMZN.US) recorded 1Q revenue of USD181.5 billion, up 16.6% YoY, exceeding both the brokers and market expectations by 2%. Overall operating profit increased 30% YoY to USD23.9 billion, surpassing the brokers and market forecasts by 12% and 15%, respectively, mainly driven by across-the-board outperformance from its North America operations, cloud services (AWS), and international business segments. Among them, AWS revenue growth further accelerated to 28.4% YoY, 2 ppts above market expectations. Management guided 2Q revenue to range between USD194 billion and USD199 billion, representing YoY growth of 16% to 19%, higher than the market consensus of USD188.9 billion. Operating profit guidance was set at USD20 billion to USD24 billion, compared with market expectations of USD22.9 billion. The broker raised its revenue forecasts for 2026 to 2028 by 4% to 6% and lifted operating profit forecasts by 4% to 10%. The TP was increased from USD292 to USD305, with a Buy rating maintained. It expects AWS revenue growth to further accelerate in 2Q and forecasts full-year operating profit growth of 27%. (ss/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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