BofA has reiterated its “Buy” rating on Amazon (AMZN), raising the price target to $275 in light of Anthropic’s impressive financial trajectory, which has seen its annualized revenue run rate rise to over $19 billion, marking a $10 billion increase since the end of 2025. This growth is largely attributed to heightened consumer adoption of Anthropic’s AI models and the recent launch of its enhanced model, Opus 4.6, which boasts improved capabilities for complex tasks and code management. Additionally, the surge in usage of Anthropic’s technology is benefiting AWS hosting without negatively impacting rival companies like OpenAI, which recently updated its revenue outlook positively.
BofA reaffirms buy on Amazon, targets $275 amid Anthropic’s $19B ARR
