UBS raised the firm’s price target on Amazon.com (AMZN) to $279 from $271 and keeps a Buy rating on the shares ahead of the Q3 earnings report on October 30. The firm expects some “noise” in the Q3 reported operating income, and its headline guidance for OI may be below consensus, the analyst tells investors in a research note. That said, UBS believes focus will likely be on the reported AWS growth rate, and expectations are at 18% year over year with prospects for potentially greater acceleration shifting into 4Q25 and 2026.
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