Piper Sandler Sticks to Its Guns on Amazon Stock
Piper Sandler has maintained its Overweight view on Amazon stock (AMZN), setting a $320 price target.
The firm cites AWS investment and Amazon's capital efficiency as key drivers of growth.
Amazon's return on invested capital averaged about 17% from 2018 through 2025, versus a projected 14% for 2026.
Piper Sandler points to AWS revenue growth of 37% year over year in Amazon's second-quarter results.