Wall Street analysts revised price targets and ratings for several major companies, including Robinhood Markets Inc, PepsiCo Inc, and Palantir Technologies Inc. Mizuho raised Robinhood's target to $130, maintaining an Outperform rating, while Barclays cut PepsiCo's target to $144 with an Equal-Weight rating. DA Davidson upgraded Palantir to Buy, setting a $175 target.

Morgan Stanley reduced Westlake Corp's target to $92, keeping an Equal-Weight rating. HC Wainwright & Co. increased Genmab A/S's target to $40 with a Buy rating. JP Morgan lifted Levi Strauss & Co's target to $32, maintaining an Overweight rating.

Citigroup raised Generac Holdings Inc's target to $300 with a Neutral rating. B of A Securities increased General Mills Inc's target to $39, also maintaining a Neutral rating. Wells Fargo boosted Amazon.com Inc's target to $313 with an Overweight rating. Goldman Sachs raised Alaska Air Group Inc's target to $69, keeping a Buy rating.

Analyst Ratings Summary

Wells Fargo analyst Ken Gawrelski maintained Amazon.com with an Overweight rating and raised the price target to $313 from $312, as investors weigh a Prime Day sales pull-forward against fresh pricing power in Amazon Web Services. The firm sees stronger June retail data and a 20% price increase on select AWS GPU workloads as setting up a cleaner second-half growth story. Amazon stock was down 0.86% at $238.07 at the time of publication Tuesday, having declined about 10.6% over the past month versus a 1.6% decline in the S&P 500.

Prime Day Performance and Consumer Behavior

Adobe Analytics data show U.S. online retail spend during the Prime Day window at roughly $26.4 billion, up 9% year over year. This result lines up with Bank of America’s expectation for mid-single-digit global GMV growth as some international events move into the third quarter. Discounts were broadly similar to last year, but Numerator data flagged an 11% drop in average order value on Amazon and softer satisfaction scores, pointing to a customer shift toward everyday essentials and grocery rather than big-ticket items. Even with smaller baskets, BofA still expects Amazon’s North America retail segment to slightly beat Street estimates for about 14% year-over-year growth.

The catch for near-term traders is timing. Bank of America estimates around $7 billion to $8 billion of sales likely shifted into the second quarter from the third quarter due to this year’s Prime Day schedule, creating potential noise around Amazon’s Q3 outlook even if full-year fundamentals remain intact.

AWS Price Hike and Analyst Outlook

On the cloud side, Amazon quietly announced a roughly 20% price increase effective July 1 for EC2 Capacity Blocks tied to GPU-heavy machine-learning workloads, following a prior 15% hike in January. Bank of America’s work suggests effective prices paid by customers have already risen from 2022 trough levels, and the new adjustment should add an estimated 1–2 percentage points to second-half AWS growth. Beyond core capacity, the firm points to ramping commitments from OpenAI and Anthropic on AWS infrastructure, reinforcing a view that Amazon is leaning into AI demand with greater pricing discipline.

BofA flags some risks including tougher competition from offline and local retailers, cloud share battles in advanced AI and heavy AWS investment that could pressure margins if macro conditions soften. Still, with solid Prime Day demand and AWS asserting pricing power in AI workloads, Amazon’s stock remains a key name to watch as the market balances short-term guidance noise against a strengthening multi-year thesis.