AMZN ▲ +0.3% - Amazon.com, Inc. $AMZN Evercore ISI Raises AMZN PT to $355 from $315 - Outperform Key takeaways from the 14th Annual U.S. Online Retail survey: 1. For the first time, we see evidence that Agentic AI is additive for Amazon Retail, with 57% of Alexa AI users buying a product they were not previously aware of. 2. Amazon’s leadership position remains intact, though it did not widen. Amazon penetration was 92%, down from last year’s record 95%, but still 34 points ahead of #2 Walmart. 3. Shipping speed adoption is re-accelerating, with regular Same-Day usage rebounding to 49%. Prime Same-Day users now spend 3.1x what non-Prime members spend, the widest gap yet. 4. Perishable Checkout is emerging as a meaningful grocery opportunity, with ~46% of respondents who have seen it adding fresh groceries to their Amazon carts. AMZN remains a Top Large Cap Long." Analyst: Mark Mahaney Evercore ISI analyst Mark Mahaney raised Amazon's price target to $355 from $315, maintaining an Outperform rating, citing findings from the firm's U.S. Online Retail survey that highlight Amazon's competitive strengths. Key drivers for the upgrade include early evidence that Agentic AI is boosting retail sales (57% of Alexa AI users purchased products they weren't previously aware of), accelerating adoption of Same-Day shipping (which drives higher spending among Prime members), and emerging opportunity in grocery through Perishable Checkout. While Amazon's market penetration dipped slightly year-over-year, it still maintains a commanding 34-point lead over Walmart in online market share. 28-AUG-2026 07:15 AM ET