Phillip Securities Says Amazon’s ‘Strong Demand Visibility’ Supports Aggressive Capex Heera Hari Mon, November 2, 2026 at 6:22 AM EST 3 min read AMZN -1.41% Trade AMZN on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The firm raised its fiscal 2027 revenue estimate by 2%, adjusted net income forecast by 3%, and capital expenditure estimate by 3%, according to Investing.com.
According to Koyfin data, 42 of the 60 analysts covering Amazon rate the stock 'Buy,' while 16 rate it 'Strong Buy' .
Last Friday, Morgan Stanley lowered its price target on Amazon to $335 from $350 while maintaining an 'Overweight' rating, saying near-term expectations for AWS growth "may have become too high, according to The Fly.
Amazon.com (AMZN) shares drew investor attention on Monday after Phillip Securities upgraded the stock following its third-quarter results, citing demand visibility and Amazon's positioning in artificial intelligence (AI).
According to The Fly, Phillip Securities upgraded Amazon to 'Buy' from 'Accumulate' and raised its price target to $330 from $320.
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox
The firm said strong demand visibility supports Amazon's aggressive capital expenditure plans, highlighting its model-agnostic AI strategy, custom chips and partnerships with large language model providers.
AMZN shares traded 1.15% higher in premarket trading at the time of writing.
According to Koyfin data, 42 of the 60 analysts covering Amazon rate the stock 'Buy,' while 16 rate it a 'Strong Buy.' Their 12-month price target ranges from $230 to $405, with an average of $326.92.
According to a report published by Investing.com, analyst Helena Wang raised Phillip Securities' fiscal 2027 revenue estimate for Amazon by 2% and its adjusted net income forecast by 3%, citing strong growth in Amazon Web Services (AWS). The firm also increased its fiscal 2027 capital expenditure estimate by 3%.
Phillip Securities expects the investments to strengthen Amazon's market position and create barriers to entry over the long term, according to Investing.com.
Last Friday, several analysts revised their Amazon price targets following the Q3 report, reflecting differing views on its near-term outlook and longer-term growth prospects.
Morgan Stanley lowered its price target to $335 from $350 while maintaining an 'Overweight' rating, saying that near-term expectations for AWS "may have become too high," according to The Fly.
UBS, meanwhile, raised its target to $352 from $348, citing management's outlook for AWS growth above 40% in both fiscal 2027 and 2028, as well as its $578 billion backlog, The Fly reported.
Scotiabank cut its price target to $300 from $325, citing a delay in free cash flow conversion and a change in its valuation methodology. However, the firm maintained an 'Outperform' rating and said the long-term opportunity remains materially larger, supported by greater contracted visibility, The Fly reported.
On Stocktwits, retail sentiment toward AMZN remained in 'extremely bullish' territory over the past 24 hours, with 'extremely high' message volumes.
One user believes AMZN is the "safest tech large-cap on the market right now."
Also read: Ed Yardeni Sees AI Chip Rebound, Year-End Stock Rally — Warns Of Midterm Election, Iran War Risks
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Heera Hari has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.
CIFR Stock Gets Biggest Price-Target Cut In Sector-Wide Reset Amid Keefe Bruyette's AI Hosting Valuation Concerns
CHKP Stock Tanks As Q3 Revenue Misses Estimates — CEO Says Recovery Is 'Taking Longer Than Anticipated'
COIN Stock Sees Split View On Wall Street After Binance Hack Shifts Sentiment
