BMO Lifts Amazon Price Target to $355 on AWS AI Momentum

On June 25, BMO Capital reiterated its Buy rating on Amazon and raised the price target to $355, spotlighting AWS Bedrock and AgentCore as key drivers of enterprise AI adoption. This follows Bank of America’s June 24 note that forecast a Q2 revenue beat on stronger Prime Day demand despite the event’s earlier timing. BofA kept its $310 target while estimating $21.6 billion in Prime Day GMV and $8.5 billion of incremental revenue. Together the two reports underscore sustained analyst confidence in Amazon’s retail and cloud growth heading into the second-quarter print.