Amazon price target raised to $355 by Evercore ISI analyst

Amazon stock Evercore ISI price target e-commerce retail growth

Evercore ISI analyst Mark Mahaney has reiterated a bullish outlook for Amazon, raising the 12-month price target to $355 from $315. This represents a potential upside of approximately 39% from recent trading levels near $256.

Mahaney maintains a ‘Buy’ rating, citing Amazon’s leadership in retail and the additive impact of Agentic AI. According to Evercore ISI’s annual U.S. Online Retail survey, 57% of Alexa AI users purchased products they were previously unaware of through the service.

Other growth drivers identified include a rebound in same-day shipping usage and the emergence of Perishable Checkout as a factor in grocery sales. While Amazon’s market penetration saw a slight dip from 95% to 92%, it maintains a significant lead over competitors like Walmart.

Entities

Amazon · Evercore ISI · Mark Mahaney · Walmart

Sources

Amazon (AMZN) Stock Surges 4% on Evercore Upgrade and Major AI Infrastructure Plans [bitcoinethereumnews.com]

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Evercore ISI Reiterates Amazon Price Target Of $355 [bitnewsbot.com]

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Analysts set Amazon stock 12-month price target [finbold.com]

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