Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI stock analysts are watching closely. On December 3, Piper Sandler analyst Tom Champion reiterated an Overweight rating on the stock with a price target of $233.00. The company is constructive on the stock, citing both the upcoming holiday season and strengthening momentum for AWS products.
Referring to Adobe data released Wednesday, the company saw strong growth from Black Friday to Cyber ​​Monday, with total holiday season spending expected to reach an estimated 5%. The firm views these results favorably “given the tough comparisons with 24.”
“Adobe data released today suggests strong growth from Black Friday to Cyber ​​Monday and total holiday season spending growth for the ’25th projected at ~5%. A good result compared to the ’24th in our view.”
The holiday spending data is also seen as positive reading for advertising-focused companies, benefiting Amazon’s growing advertising business.
The firm also spoke about AWS re:Invent 2025, praising AWS CEO Garmans’ keynote speech and the arrival of the Agentic platform era.
“Additionally, we were impressed with AWS CEO Garman’s re:Invent keynote, which highlighted scale, hardware, and new product developments, as well as the arrival of the Agentic platform era. Reiterate OW’s rating.”
Amazon.com Inc. (AMZN) is an American technology company that provides e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
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