Key TakeawaysTD Cowen maintained its Buy recommendation with a $300 valuation target for Amazon, highlighting it as a top large-cap selection.Barclays confirmed its Overweight stance with an identical $300 target, emphasizing artificial intelligence momentum in AWS operations.Shares of Amazon climbed approximately 2.8% during pre-market hours on Monday, March 23, 2026.According to Barclays analysis, the OpenAI partnership contributes to $138 billion in total AWS committed expenditures spanning seven to eight years.Anthropic experienced a 35% surge in annualized recurring revenue within weeks during the first quarter of 2026, fueled by Claude Code and Cowork offerings.Amazon received a significant vote of confidence from Wall Street analysts early Monday, triggering notable movement in share prices.AMZN shares climbed approximately 2.8% during pre-market sessions on March 23, 2026, following the release of two supportive analyst assessments for the e-commerce and cloud computing powerhouse.Amazon.com, Inc., AMZNJohn Blackledge from TD Cowen maintained his Buy recommendation while preserving his $300 valuation outlook. He designated Amazon as a preferred large-cap investment opportunity for the coming year.Barclays echoed this sentiment with its own Overweight confirmation and matching $300 projection, highlighting multiple AI-driven catalysts strengthening AWS’s position.With AMZN shares hovering around $205 currently, both analyst projections suggest approximately 46% potential appreciation from present trading levels.Cloud Computing Division Poised for AccelerationAWS forms the foundation of both optimistic assessments. TD Cowen anticipates cloud expansion to “reaccelerate throughout 2025 and into 2026 as artificial intelligence workload demand intensifies,” following previous constraints related to infrastructure capacity.Barclays adopted a more granular perspective. The financial institution emphasized Amazon’s partnership with OpenAI, which according to their calculations elevates total committed AWS expenditures to $138 billion across seven to eight years.Barclays projects the AWS contracted revenue backlog will surpass $350 billion in the upcoming quarter once this agreement appears in financial reporting.The institution also increased its 2027 AWS revenue projection by 5% and currently forecasts AWS revenue expansion reaching 34% in Q3 2026 before experiencing moderation.Anthropic contributes additional momentum to this narrative. The artificial intelligence company witnessed its annualized recurring revenue spike 35% within mere weeks during Q1 2026, propelled by Claude Code and Cowork product launches.Digital Advertising and Commerce Strengthen Investment ThesisTD Cowen also identified Amazon’s advertising operations as a crucial profit generator. The firm projects ad revenue expansion at a “high teens” percentage rate year-over-year in 2026, driven by sponsored product listings, demand-side platform expansion, and growing Prime Video advertising operations.Amazon’s retail operations demonstrate structural enhancement as well. The firm referenced unprecedented delivery velocity, same-day service extension into perishable goods, and capital allocation toward rural market penetration as factors supporting margin enhancement.TD Cowen projects Amazon’s 2026 operating income will approach approximately $104 billion.Chief Executive Andy Jassy recently indicated the organization has visibility toward $600 billion in revenue by 2036. This trajectory would represent an 11% compound annual growth rate from Barclays’ 2028 baseline, and the institution suggested this forecast might ultimately prove understated.Amazon’s present market capitalization stands at approximately $2.2 trillion. Revenue expanded 12.4% over the trailing twelve-month period.Amazon recently executed a €14.47 billion euro-denominated bond offering, featuring maturity dates spanning from 2028 through 2064.The post Amazon (AMZN) Stock Soars 3% Following Dual $300 Price Target Endorsements appeared first on Blockonomi.