Amazon (AMZN) Outlook Brightens With Strong Demand, No Tariff Impact Yet

Amazon.com, Inc. (NASDAQ:AMZN) is one of the AI Stocks Making Big Moves on Wall Street. On September 16, Truist Securities analyst Youssef Squali raised the price target on the stock to $270.00 (from $250.00) while maintaining a Buy rating.

The firm said that Amazon is tracking ahead of consensus revenue expectations for North America in 3Q25-an estimated $1B ahead of its $105B forecast. It further noted steady demand and no tariff impacts yet, a testament to its “expansive offering, its marketplace model and superior logistics.”

“More than two-thirds into 3Q25, Amazon’s NA revenue is tracking ~$1B ahead of consensus of ~$105B per the Truist Card Data (thru 9/6), implying ~10% Y/Y growth which is virtually in line with 2Q’s level of 11%. August’s AOV & order frequency were flat and up 6% Y/Y, respectively reflecting no attenuation of demand so far and no notable increases in ASPs from tariffs so far, a testament to the company’s expansive offering, its marketplace model and superior logistics. We’re tweaking our 3Q estimates higher, publishing our 2026 quarterly projections and establishing a new FY26 DCF-derived PT of $270 vs. our previous FY25 PT of $250.”

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