Analysts Bullish on Amazon Ahead of Q3 Earnings, Citing AWS, Ads, Healthcare Growth

Amazon is set to report Q3 earnings on Oct 26, with analysts expecting revenue growth of 11.4% and EPS of $0.58.

Several analysts are bullish on AMZN ahead of earnings, citing growth in AWS, advertising, healthcare, and cost efficiencies.

Brian Nowak sees AWS growth re-accelerating, and maintains a $175 target.

Brent Thill sees opportunity in grocery and CPG advertising, and has a $175 target.

41 of 42 analysts rate AMZN a Buy, with an average price target of $175.38, representing 38.6% upside.