Amazon.com (AMZN) News Today

Amazon.com, Inc. (NASDAQ:AMZN) shares rose today as investors weighed bullish analyst revisions and strong Prime Day results against AWS staffing cuts and insider selling. Key drivers included upgraded price targets, momentum commentary, legal developments, and strategic updates in cloud and AI.

• Positive Sentiment: BofA Securities reiterated its Buy rating on Amazon after calling Prime Day a success and set a $248 price target.Amazon’s (AMZN) Prime Day Success Fuels BofA’s Bullish $248 Price Target
• Positive Sentiment: Jefferies Financial Group lifted its price target on AMZN shares to $265, citing resilient revenue, cost discipline, and stable consumer demand ahead of Q2 results.Amazon price target boosted on margin potential ahead of Q2 earnings
• Positive Sentiment: Cantor Fitzgerald raised its price target on Amazon.com to $260 and reiterated an Overweight rating, highlighting continued revenue growth and AI investments.Cantor Fitzgerald Issues Positive Forecast for Amazon.com Stock Price
• Positive Sentiment: An analysis notes AMZN’s breakout chart pattern and P/E compression make it a strong candidate for long-term investors, with upside to $265 on analyst forecasts.Is Amazon Really the Best Forever Stock for Your Portfolio?
• Positive Sentiment: Representative Cleo Fields disclosed a purchase of $100,001–$250,000 worth of AMZN shares, signalling insider confidence.Rep. Cleo Fields Buys Amazon.com, Inc. Stock
• Neutral Sentiment: Amazon has rebalanced roles within AWS to align with strategic growth priorities, as momentum in its cloud segment shows signs of softening.Amazon Rebalances AWS Roles for Growth
• Neutral Sentiment: Amazon’s Project Kuiper reached a milestone with the launch of its first broadband satellites aboard a SpaceX rocket, highlighting long-term connectivity ambitions.SpaceX launches competitor Amazon's Project Kuiper satellites
• Neutral Sentiment: The company’s greenhouse gas emissions rose 6% in 2024, driven by increased data center construction and delivery fleet usage, testing its climate commitments.Amazon's carbon emissions jump as AI push tests company's climate pledge
• Neutral Sentiment: Amazon-backed AI startup Anthropic is on track for rapid growth, with some analysts projecting a potential $100 billion valuation, underscoring AMZN’s strategic AI stakes.Why Amazon-Backed Anthropic Could Soon Hit a $100B Valuation
• Neutral Sentiment: A federal judge dismissed a class action over commercials on Prime Video, removing a legal overhang from the streaming unit.Amazon.com defeats lawsuit by Prime Video subscribers
• Negative Sentiment: Amazon’s AWS cloud unit cut hundreds of jobs in a strategic review amid AI integration and slowing growth, raising concerns about the segment’s momentum.Exclusive: Amazon's AWS cloud computing unit cuts jobs
• Negative Sentiment: Reports indicate Amazon eliminated hundreds of cloud computing jobs in its AWS division, reflecting cost pressures and potential demand headwinds.Amazon Eliminates Hundreds of Cloud Computing Jobs
• Negative Sentiment: Jeff Bezos sold over 4.2 million AMZN shares in a single transaction, adding to selling pressure amid mixed signals on valuation.Amazon.com Insider Jeffrey P. Bezos Sells 4,273,237 Shares
• Negative Sentiment: Amazon shares underperformed as the broader market rallied, highlighting short-term profit-taking despite sector-wide gains.Amazon (AMZN) Stock Sinks As Market Gains