<p>Citi Research expects Amazon's Q2 revenue and operating income to beat consensus. AWS growth at 16.5%, Prime Day contributing $8B revenue. Target price raised to $265 with Buy rating. Operating income forecast at $17.1B (10.5% margin). $105B capex focused on AWS infrastructure, advertising revenue up 17.5%.</p>

Citi Research expects Amazon's Q2 revenue and operating income to beat consensus. AWS growth at 16.5%, Prime Day contributing $8B revenue. Target price raised to $265 with Buy rating. Operating income forecast at $17.1B (10.5% margin). $105B capex focused on AWS infrastructure, advertising revenue up 17.5%.

Amazon's Rally: Hype or Reality? Citi Q2 Analysis

Two CFA professionals crack open everyday’s Wall Street Journal, distilling the essential headlines, the biggest winners and losers.

The show is conversational—no jargon, no rambling—but backed by decades of combined experience on the research desk and trading floor.

Perfect for your commute, coffee break, or pre-market scan.

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Two CFA professionals crack open everyday’s Wall Street Journal, distilling the essential headlines, the biggest winners and losers. The show is conversational—no jargon, no rambling—but backed by decades of combined experience on the research desk and trading floor. Perfect for your commute, coffee break, or pre-market scan.

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Amazon's Rally: Hype or Reality? Citi Q2 Analysis

Amazon's Rally: Hype or Reality? Citi Q2 Analysis