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On April 14, Goldman Sachs released a research report maintaining its Buy rating on Amazon and lowering the target price from $280 to $275. The report noted that Goldman Sachs has increased confidence in AWS's revenue growth and margin stability, projecting a 26% year-over-year increase in AWS revenue for the first quarter and 25% growth for the full year. Goldman Sachs believes that the impact of energy prices on Amazon is limited and manageable, and the company will benefit from industry trends, with potential growth in the advertising segment. Additionally, Goldman Sachs lowered its operating profit and earnings per share forecasts for Amazon from 2026 to 2028 but still considers it one of the most attractive stocks in terms of risk-reward over the medium to long term.
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