Amazon Sets Q2 Call for July 30; Wedbush Starts at Outperform, $293 PT; AWS Exec Departs
AMZN sits 28% above its 52-week low of $196.
Summary
Amazon will report Q2 2026 results on July 30, setting the stage for the next major update on AWS growth and AI spending. Wedbush initiated coverage with an Outperform rating and a $293 price target, implying roughly 17% upside from current levels. Separately, AWS executive Dave Brown, a member of Amazon's senior leadership team, is leaving at the end of July to oversee data-center buildout at Meta — a notable departure from the cloud unit. The company also settled FTC claims for $2.25 million over denying identity-theft victims access to transaction records, a minor legal matter relative to Amazon's scale. The earnings call will be closely watched for any update on the $200 billion capex plan and Anthropic partnership.
At the time of this announcement, AMZN was trading at $250.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.7T. The 52-week trading range was $196.00 to $278.56. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.