Jefferies Rates Amazon Buy at $320 Target, Sees 33% Valuation Discount vs. Alphabet and Walmart

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According to CNBC, citing Jefferies analyst Brent Thill on July 15, Amazon is rated Buy with a $320 price target, trading at 12x forward EV/EBITDA compared to 18x average for Alphabet and Walmart combined, representing approximately 33% discount. Thill noted Amazon is among the cheapest large-cap tech stocks with exposure to AI data center and retail investment themes. He highlighted that limited stock price appreciation over the past three months has made the entry price more attractive, while potential upward revisions to capital expenditure guidance could provide additional upside from expanded AI data center investments.
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