Wells Fargo Lifts PT on Amazon.com (AMZN) Stock

Wells Fargo slightly raised its price target on Amazon to $313 from $312 and reiterated an Overweight rating, citing expectations for a solid Q2, continued AWS acceleration, and positive revisions to AWS and company operating income. The firm expects Amazon to guide operating income above consensus, but sees Q3 revenue guidance potentially coming in a bit below Street estimates due to a Prime Day timing shift. Separately, CNBC reported Amazon plans to raise at least $25 billion through an eight-part bond sale to support its AI buildout, reinforcing the company’s capital-intensive growth strategy. Overall, the article is modestly bullish for AMZN, with analyst support and AI investment offset by some near-term guidance caution.