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<Research> BofAS Raises Amazon.com, Inc. (AMZN.US) TP to USD310; 1Q Results Beat Expectations
BofAS said in a research report that Amazon.com, Inc. (AMZN.US) reported 1Q revenue of USD182 billion, above market expectations of USD177 billion. GAAP profit reached USD23.9 bill...
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<Research> BofAS Raises Amazon.com, Inc. (AMZN.US) TP to USD310; 1Q Results Beat Expectations
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BofAS said in a research report that Amazon.com, Inc. (AMZN.US)      reported 1Q revenue of USD182 billion, above market expectations of USD177 billion. GAAP profit reached USD23.9 billion, also higher than market expectations of USD20.8 billion. AWS posted YoY growth of 28%, accelerating by 4 ppts from 4Q and exceeding market expectations of 25%. Management highlighted strong performance in AI and core services.

For guidance, the company expects 2Q revenue of between USD194 billion and USD199 billion, significantly above market expectations of USD189 billion. Profit guidance was broadly in line, projected at between USD20 billion and USD24 billion, with the midpoint slightly below market expectations of USD22.9 billion. Management cautioned that rising share-based compensation (SBC) expenses, higher YoY costs for the Amazon Leo project, and fuel inflation will affect guidance.

Related NewsAPI Crude Oil Stock Change for May/08 in the United States is -2.188M, higher than the previous value of -8.100M. The forecast was -1.65M.
The broker raised its 2027 revenue forecast for Amazon.com, Inc., reiterated a Buy rating and lifted the TP from USD298 to USD310. (ss/da)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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