BMO维持亚马逊跑赢大盘评级 认为AWS短期增长高于预期

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【BMO维持亚马逊跑赢大盘评级 认为AWS短期增长高于预期】蒙特利尔银行资本市场维持亚马逊跑赢大盘评级,目标价380美元。该目标价与华尔街多头情绪保持一致:分析师整体共识评级为强力买入,目标价区间230‑405美元。 该行表示,亚马逊2026财年第二季度AWS业绩打消了市场对AI需求的担忧,当前市场关注点转向业务增长可持续性,以及基建资本开支的投资回报。BMO通过行业渠道调研判断,AWS短期增长有望高于市场一致预期,但算力容量瓶颈仍构成制约因素。 BMO称,广告业务增长动能延续,美国消费市场依旧具备韧性。不过受Prime会员日日历周期变动影响,该行对亚马逊2026年第三季度零售业务营收的预测低于市场一致预期。 在持续跟踪宏观经济环境的同时,BMO维持对AWS、零售、广告三大业务板块2026年第三季度及全年业绩预测不变。 在重申评级与目标价的同时,BMO将亚马逊列为首选标的。

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