JPMorgan sets $365 price target on Amazon, sees nearly 50% upside

JPMorgan set a $365 price target on Amazon, based on 26.5 times its estimate of Amazon's 2028 earnings, implying nearly 50% upside from the Oct. 29 close of $243.79. The bank sees AWS as a much larger opportunity as its cloud business accelerates while AI spending drains cash.

Detected & updated continuously · Source: Nebula