Evercore ISI Boosts Amazon Price Target to $355 Amid AI Survey Findings

A leading Wall Street firm, Evercore ISI, has raised its price target for Amazon.com Inc. (NASDAQ:AMZN) shares to $355 from $315.16 while maintaining an Outperform rating.

The move is part of broader optimism on the company as 22 analysts have revised earnings upwards recently.

Evercore ISI cited findings from its 14th Annual U.S. Online Retail survey, which showed that 57% of Alexa AI users bought a product they were not previously aware of, marking the first survey evidence that Agentic AI is additive for Amazon Retail.

The survey also found that Amazon penetration remains strong at 92%, down from last year's record but still 34 percentage points ahead of second-place Walmart.