AWS re:Invent is an annual ritual that brings the cloud computing industry together like no other event. In the midst of a release of new multimodal models, next-gen AI servers, and an autonomous vehicle unit, the corporation left no room for doubt that AWS is still the core of Amazon’s future.
TD Cowen has confirmed the Buy rating and $300 price target for Amazon stock, and thus a strong upside projection from the current share price of $230.78. That feeling is reflected in the average analyst’s optimistic consensus with price points between $245 and $360. Still, they all connect with the long-term confidence in Amazon’s AI and cloud development.
Amazon’s AI Momentum
The announcement of the remarkable lineup at AWS re:Invent 2024 was the major factor that brought in the positive sentiment. Its Nova GenAI models consist of Omni, which is the totally integrated multimodal model. Its new Trainium 3 UltraServers offer up to 50% lower training and inference costs and 4.4× more compute.
The AgentCore and QuickSuite, embedding agentic AI functionalities even deeper into enterprise workflows. Its Zoox autonomous rideshare updates, which demonstrates real-world AI deployment on AWS infrastructure.
TD Cowen expects AWS to generate $128.1 billion in revenues by 2025, which is about a 20% compound annual growth rate coming from accelerating year over year growth rates of 2026 (22.9%) and 2027 (23.9%), and finally reaching $348.5 billion by 2030. The projected 22% CAGR proves AWS to be Amazon’s most powerful long-term driver ever.
From a financial standpoint, Amazon appears more and more inviting. Its P/E ratio is 32.34, its PEG ratio is 0.62 (indicating undervaluation compared to growth), and its total company revenue is $691.33 billion, which is increasing at 11.48%. Amazon is definitely expanding.
Amazon Is Not Slowing Down
As Amazon’s competitors try to attract attention by means of big headlines, Amazon continues to do what it does best, which is to develop its infrastructure very quietly, steadily, and to a world-leading scale.
The announcements at the re:Invent event were not just some promotions, but were indicators. It indicated that Amazon intends to have power not just over cloud computing but also over the entire AI lifecycle, which includes training, inference, deployment, and the layers of intelligence on top.
For some reason, the story of Amazon’s slowing growth and lesser demand has always been looked at from the wrong aspect. Amazon does not want to be fastest, instead it wants to be most stable, and AWS re:Invent has just reinforced that strategy.
The company has piled up new AI hardware, new models, and a great focus on agentic intelligence, thus placing itself at the center of enterprise transformation in the upcoming decade.
There are still challenges such as regulatory nightmares, tax settlements, and intensified competition, but no such thing will ever stop the core engine that drives the future of Amazon, which is AWS scale, AI supremacy, and enterprise adoption.
If Amazon follows through even on half of the growth trajectory that analysts are expecting, then the next five years would really be about the company’s valuation being redefined. Moreover, TD Cowen’s renewed confidence shows that the market is already anticipating the future.
