Amazon.com (AMZN) Price Target Raised by $1

Wells Fargo has increased its price target for Amazon.com (AMZN) from $304 to $305, maintaining an ‘Overweight’ rating, and projecting over 45% upside potential. The firm expects Amazon’s CapEx guidance for 2026 to remain stable, with accelerated AWS revenue driving free cash flow improvements. Amazon remains Wells Fargo’s top internet pick for the year, citing strong growth and attractive valuation.

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