Amazon.com (AMZN) News Today

Amazon.com, Inc. (AMZN) is trading higher today, supported by upbeat analyst revisions and Prime Day results, though the rally is tempered by insider selling, AWS job cuts and bond concerns. Investors are reacting to the following news:

• Positive Sentiment: Prime Day generated a record $21.4 billion in gross merchandise volume, prompting BofA to set a $248 price target and call for over 10% upside. Amazon's $21.4 Billion Prime Day Haul Ignites Wall Street Hype
• Positive Sentiment: Piper Sandler raised its target to $250, citing sustained AWS growth and gains in warehouse robotics partnerships. Piper Sandler Ups Amazon (AMZN) Target
• Positive Sentiment: Cantor Fitzgerald lifted its price target to $260 ahead of Q2 results, highlighting margin upside and disciplined cost controls. Amazon.com Price Target Raised to $260.00 at Cantor Fitzgerald
• Positive Sentiment: Rep. Cleo Fields disclosed a $100K–$250K purchase of AMZN shares, signaling legislative confidence in the e-tailer’s outlook. Rep. Cleo Fields Purchases Shares of Amazon.com, Inc.
• Positive Sentiment: Amazon-backed AI firm Anthropic may soon hit a $100 billion valuation as revenue accelerates, underlining AMZN’s AI investment moat. Why Amazon-Backed Anthropic Could Soon Hit a $100B Valuation
• Neutral Sentiment: AMZN details a push to reduce energy usage and expand renewable projects as part of its broader sustainability agenda. Amazon Stock Perks Up With Greater Sustainability Push
• Neutral Sentiment: JMP Securities left its $285 target unchanged despite a slow Prime Day start, suggesting stable expectations for the summer quarter. Amazon Stock Price Target Maintained at $285 by JMP
• Negative Sentiment: Jeffrey P. Bezos sold 733,195 shares worth $166 million, trimming his stake by 0.08%. Amazon.com, Inc. Insider Jeffrey P. Bezos Sells 733,195 Shares
• Negative Sentiment: Amazon is cutting hundreds of AWS jobs after a strategic review, raising concerns over cloud-unit momentum. Exclusive: Amazon's AWS Cloud Computing Unit Cuts Jobs
• Negative Sentiment: Bonds tied to Amazon’s logistics arm are under pressure from rising rates and missed project deadlines, risking $4.7 billion in financing. Amazon's Warehouse Bonds Are Cracking
• Negative Sentiment: Amazon’s carbon emissions rose 6% last year, challenging its sustainability commitments amid rapid data-center expansion. Amazon's Carbon Emissions Jump