Oppenheimer analyst Jason Helfstein lowered the firm’s price target on Amazon.com (AMZN) to $245 from $250 and keeps an Outperform rating on the shares amid investors’ frustration with lack of positive second half of 2025 AWS commentary, as capacity issues will persist until at least year-end. Positively, AWS AI revenue continues growing triple-digits year-over-year, and AI usage is still early within AWS, as CEO Jassy reiterated AI is “the biggest technology transformation for a lifetime.” While tariff impacts remain uncertain, Oppenheimer says not seeing any consumer weakness.
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