Not everyone does what Amazon does. The company on Thursday released results that beat top Wall Street estimates and offered an upbeat outlook for the current quarter. The company’s shares rose more than 12% in pre-market trading Friday following the results. It is one of the few Big Tech companies to post better-than-expected results after a near-difficult quarter in the face of difficulties such as high inflation, a shift in consumer spending and foreign exchange pressures. . Analysts responded positively to the report, seeing Amazon as a standout among its peers, especially among other retailers. Deutsche Bank analyst Lee Horowitz wrote in a Friday note: “All in all, AMZN provided investors with very clear Q2 earnings, amid macro-related earnings volatility. extremely severe scale in the technology sector,” wrote Deutsche Bank analyst Lee Horowitz. He called the company “a harbor in a macro storm” and said investors should feel more confident that Amazon can deliver in the coming years. Here’s what other analysts have to say: Deutsche Bank The company raised its price target to $175 from $155 in the report and kept its buy rating on the stock. “We believe last night’s earnings are likely to mark a meaningful shift in sentiment for AMZN, particularly in light of the hyper volatile market landscape where many tech peers are,” Horowitz wrote. of amazon has struggled.” JPMorgan Amazon performed well this quarter despite inflationary pressures, according to JPMorgan. Doug Anmuth wrote in a Friday note: “Despite potential macro pressures, we encourage AMZN to continue accelerating Revenue growth in the second half of next year thanks to favorable calculations. and execute centrally in both Retail and AWS”. The company raised its price target to $185 from $175 and maintained its overweight rating. Goldman Sachs analyst Eric Sheridan said Amazon is well-positioned to generate strong revenue growth in the second half of the year. A solid Prime Day event in July and management dismissal of concerns about eventual demand in the core business area reinforced this view. The company is set for success in the coming years as e-commerce margins normalize and continue to strengthen its advertising and AWS businesses. “While the next few quarters will likely remain volatile due to the output of macroeconomic volatility, the long-term reports from Amazon and compelling risk/reward over the years should appeal to investors,” Sheridan said. investment,” Sheridan said. The company has reiterated its buy rating and raised its price target to $175 from $170. Morgan Stanley Amazon remains the top pick for Morgan Stanley. Brian Nowak wrote in a Friday note: “Accelerated revenue and profit volatility comes as AMZN retail growth accelerates, efficiency improves (more growth in the second half of 23) and AWS distributed,” Brian Nowak wrote in a Friday note. “This should give investors more confidence in EBIT ’23, even with more AWS investments (which is bullish/retail AWS).” The company says acceleration in its retail market share, improved efficiency and profitability, and problems with shortages of merchandise are all advantages that have helped Amazon compete more strongly with retail and merchant rivals. e-commerce. The company has a buy rating and $175 price target for the stock. Piper Sandler “We’re the Amazon buyers here,” wrote analyst Thomas Champion in a note Thursday following the earnings tempo. The company has reiterated its overweight rating and moved its price target from $170 to $175. The company notes that management is navigating a cost-effective environment, and it sees AWS and services evolving in the future. “2H22 revenue acceleration is happening with more momentum than we thought. Cost containment is clearly visible,” Champion wrote. Barclays Barclays called improving efficiency and accelerating growth a winning combination for Amazon in a Thursday note and said there’s a lot to like in the earnings report. That includes higher growth than its peers even as consumers face macro challenges like inflation, slowing retail erosion, and AWS accelerating. “While we’re still a long way from ‘completely clear’,” Ross Sandler said, “we are gaining confidence from these early signals.” “At 12x 2023E EBITDA (compared to a pre-pandemic low of 17x), AMZN sets up as the longest best long in our large cap range from here over the next 3-4 quarters, so we I will continue to add positions.” The company raised its price target to $200 from $195 and kept the overload rating unchanged. Bank of America’s Acceleration story is hard to find this year, but Amazon is one of them after mostly positive results amid a tough economic climate, according to Bank of America. “We consider Amazon to be one of the few accelerating stories on the Internet in 2022, with 9 points on accelerating forex revenue growth suggested in Q3 guidance on easing calculation and purchasing power. of Prime subscribers,” wrote analyst Justin Post in a Friday note. The company maintains a buy rating and raises its price target to $170 from $168. – Michael Bloom of CNBC contributed to this report.