Cantor Fitzgerald and Raymond James Cut Amazon Price Targets Amid Capital Expenditure Scrutiny

Wall Street brokerages have reduced their price targets on Amazon.com, Inc. following updates to valuation assumptions and financial trajectory assessments. Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm's price target on the stock to $280 on October 30, 2026. This followed an earlier action the same day by Raymond James analyst Josh Beck, who cut his price target on Amazon to $250 from $300. Both revisions arrive amid heightened analyst scrutiny regarding profitability metrics and capital expenditures in artificial intelligence and cloud infrastructure.