Cantor Fitzgerald cuts Amazon price target to $310 from $320, keeps Overweight

Cantor Fitzgerald analyst Deepak Mathivanan lowered his Amazon price target to $310 from $320 on October 12, 2026, and kept an Overweight rating ahead of the Q3 report. The note expects healthy cloud acceleration and strong EBIT margins, and sees management commentary supporting confidence in AI demand. The move is a small trim of the target rather than a change in rating.

• Price target: $310, down from $320
• Rating: Overweight (maintained)
• Expects healthy cloud acceleration and strong EBIT margins
• Ahead of the Q3 report