Proactive Investors
27 May 2026, 19:54 UTC · 2h ago
Amazon shares have room to run as AWS AI backlog hits $35B, UBS says
Source · https://www.proactiveinvestors.com/companies/news/1092998
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Proactive Investors
27 May 2026, 19:54 UTC · 2h ago
Source · https://www.proactiveinvestors.com/companies/news/1092998
Read sourceSearch tags
Story key points
4 claims · impact-rated
UBS forecasts AWS revenue for 2026 at $175.9 billion (36% YoY growth), significantly exceeding the Wall Street consensus of $166.6 billion (29% growth). — A substantial positive divergence in revenue growth for Amazon's primary profit engine is a major catalyst for share price appreciation.
+0.80Amazon's AI model platform, Bedrock, reported a backlog of approximately $35 billion as of Q1 2026, marking 300% year-over-year growth. — Rapid acceleration in AI backlog provides high visibility into future revenue growth and validates Amazon's competitive position in the AI arms race.
+0.70UBS expects AI to account for 30% of AWS revenue by 2027, driven by large contracts with Anthropic and OpenAI. — Strategic partnerships with leading AI labs secure long-term demand and integrate Amazon deeper into the AI ecosystem.
+0.60UBS maintains a Buy rating on Amazon with a price target of $333, citing underappreciated growth in e-commerce unit economics and Prime Video ad revenue. — Positive analyst sentiment and specific catalysts in retail and advertising provide additional support for a bullish outlook.
+0.40Ticker attribution
Model heads
UBS maintains a Buy rating with a high price target, citing massive AI backlog growth and strong AWS revenue forecasts.
The CEO highlighted strong first-quarter 2026 financial results, production growth, and drilling success.
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