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Amazon (AMZN) Slips on Capex Surge Despite AWS Boom: Can Shares Reach $500?

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Amazon trades at 18x forward earnings with AWS accelerating 37% alongside a $496 billion backlog.
  • Despite heavy AI capex spending that flipped free cash flow negative, analysts maintain a bullish outlook, projecting significant upside toward $356 as data-center investments normalize.
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Stored market data

AMZN price history

256.78 +13.48% over the displayed period

Advisor Snapshot

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