Amazon is rated a Strong Buy with a $327 price target, implying 25% upside over 12 months. AWS growth re-accelerated to 37%, its fastest in 18 quarters, driving margin expansion and 60% of operating income. AMZN trades at 16.7x trailing EV/EBITDA, 21% below its five-year average, making it the cheapest hyperscaler on this metric.
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