Leading financial analysts on Wall Street have recalibrated their projections for Amazon.com, Inc. (NASDAQ: AMZN) as the e-commerce giant prepares to release its third-quarter financial results. The revised forecasts underscore a prevailing sense of optimism regarding Amazon's performance, driven by anticipated growth in both revenue and earnings per share. This financial reevaluation comes at a pivotal time, with the company's recent advancements in artificial intelligence, such as the operational launch of Project Rainier, further contributing to investor confidence. The collective sentiment among experts points towards a robust financial outlook for Amazon, ahead of its official earnings announcement.
Amazon is set to unveil its earnings report for the third quarter of 2025 after the market closes on Thursday, October 30. Industry analysts are keenly observing, with consensus estimates predicting a quarterly earnings per share of $1.57, marking an increase from $1.43 recorded in the corresponding period of the previous year. Furthermore, the tech behemoth's quarterly revenue is anticipated to reach an impressive $177.74 billion, a significant jump from $158.88 billion in the prior year, according to aggregated data from Benzinga Pro. These projections highlight sustained growth in Amazon's diverse business segments.
A notable development contributing to the positive analyst sentiment is Amazon's announcement regarding the full operational status of Project Rainier. This initiative represents one of the globe's most extensive artificial intelligence computing infrastructures. The company has confirmed that Anthropic, a prominent AI firm, is already leveraging Project Rainier to develop and deploy its advanced AI model, Claude. This strategic move into cutting-edge AI infrastructure is viewed as a key driver for future innovation and market positioning for Amazon.
In the trading session leading up to these announcements, shares of Amazon experienced a modest uptick, closing at $230.30 on Wednesday, reflecting a 0.5% increase. This positive market reaction indicates investor confidence in the company's strategic directions and its impending financial results. The collective upgrades in price targets by various analyst firms further solidify this positive outlook.
Several top-tier analysts have recently updated their ratings and price targets for Amazon. On October 28, 2025, UBS analyst Stephen Ju maintained a 'Buy' rating and elevated the price target from $271 to $279, backed by a 74% accuracy rate. Stifel's Mark Kelley also kept a 'Buy' rating and raised the target from $260 to $269 on October 24, 2025, demonstrating an 84% accuracy. Wedbush analyst Scott Devitt reaffirmed an 'Outperform' rating, pushing the price target from $250 to $280 on the same day, with an 81% accuracy. Benchmark's Daniel Kurnos reiterated a 'Buy' rating with a $260 price target on October 22, 2025, holding a 79% accuracy. Lastly, Goldman Sachs analyst Eric Sheridan maintained a 'Buy' rating, increasing the target from $240 to $275 on October 3, 2025, with a 77% accuracy rate. These consistent upgrades reflect strong confidence across the analytical community.
As Amazon approaches its third-quarter earnings release, the financial community remains highly attentive to its performance and future trajectory. The company's robust revenue and earnings projections, coupled with its significant strides in artificial intelligence through Project Rainier, paint a promising picture. The updated price targets from leading Wall Street analysts underscore the market's positive expectations, suggesting a strong financial quarter for Amazon and continued growth potential in the evolving tech landscape.