Amazon Stock Rises on Upgrade as AWS Growth Set to Accelerate, Say Analysts
1. Wells Fargo upgrades Amazon to Overweight with a $280 price target. 2. AWS growth expected to rise to 22% in 2026, driven by AI. 3. Project Rainier could generate $14 billion annually at full capacity. 4. Amazon shares are climbing, reversing underperformance trends. 5. Most analysts rate Amazon stock a Buy or equivalent.