BMO Capital analyst Brian Pitz raised the firm’s price goal on Amazon.com (AMZN) to $265 from $236 and keeps an Outperform rating on the shares. The firm is anticipating accelerating 2025 AWS growth of 20% vs. prior 17% as Bedrock continues unlocking existing IT spending and incremental AI workloads, the analyst tells investors in a research note, adding that AWS’s most vital customers typically have 10%-40% of workloads within the Cloud, with the potential to reach at 70%-80% given the continued innovation. In Retail, BMO states that its channel checks indicate “attractive adoption” for Amazon’s Same-Day/Next-Day offering, unlocking frequency growth and free money flow potential.

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