Cantor Fitzgerald Raises Amazon.com Inc PT to $280 on AWS AI Surge

Amazon.com Inc gains fresh analyst backing as Cantor Fitzgerald hikes its price target to $280, citing accelerating AWS growth from AI demand and $450B backlog including OpenAI and Anthropic deals. The rally builds on CEO Andy Jassy's April 9 letter defending $200B 2026 capex, revealing $15B AWS AI run-rate and $20B custom chips business, followed by a $25B Anthropic investment securing $100B decade-long AWS commitment. Shares hit $252.89 premarket, up 1.9% to $255, with Q1 earnings on April 29 eyed for 30% AWS growth amid profitability debates.