Amazon's stock could be supercharged by this growing business
Amazon's advertising business is projected to double in revenue to over $140 billion by 2030, according to TD Cowen. The company is gaining market share in digital advertising, with its share expected to rise to 13.2% by 2030. Analyst John Blackledge raised Amazon's price target to $315, citing strong growth in ad spending, particularly on Prime Video. The survey indicates that 63% of advertisers plan to increase spending on Amazon in 2026, driven by high ROI. Additionally, Amazon Web Services is expected to see accelerated growth, contributing to overall operating income.
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