JPMorgan Elevates Amazon (AMZN) PT to $240 on Strong Q1 Report

On Wednesday, JPMorgan analyst Doug Anmuth raised the price target for Amazon.com Inc. (NASDAQ:AMZN) to $240 from $225, while maintaining an Overweight rating on the shares. This adjustment followed Amazon’s Q1 2025 earnings, which exceeded expectations and prompted JPMorgan to reverse some of its earlier estimate cuts for internet coverage.

Amazon.com (AMZN) Turns Up the Heat in CTV Ad Wars With Fresh DSP Discounts

A customer entering an internet retail store, illustrating the convenience of online shopping.

These initial cuts were made following President Donald Trump’s Liberation Day. The firm revised multiples higher for select companies, including Amazon, due to a reduced risk of recession and the anticipated China tariff relief for businesses with direct exposure. The company reported total revenue of $155.7 billion in Q1 2025, which was up 10% year-over-year.

Advertising revenue in particular reached $13.9 billion, growing by 19%. AWS revenue increased by 17% to $29.3 billion. In this quarter, Amazon set new delivery speed records and delivered more items in the same day or next day than in any previous quarter. However, the company is dealing with uncertainty due to potential heightened tariffs, which could impact pricing and demand.

Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company operates through 3 segments: North America, International, and Amazon Web Services/AWS.

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Disclosure: None. This article is originally published at Insider Monkey.