Amazon.com (NasdaqGS:AMZN) Expands Cloud Partnership With Veeva To Support Life Sciences

Amazon.com (NasdaqGS:AMZN) recently expanded its partnership with Veeva Systems, highlighting its commitment to cloud infrastructure and AI-driven customer engagement solutions. Over the last quarter, Amazon's share price increased by 10%, reflecting positive investor sentiment potentially influenced by such innovations. The growth in Amazon's earnings, with Q1 2025 revenue rising to $155.67 billion, also underscores its strong performance. Recent expansions in delivery services and AWS's global reach, including investments in Asia Pacific and North Carolina, further reinforced investor confidence. This aligns with the broader market's upward trend, which saw a 12% rise over the past year.

Buy, Hold or Sell Amazon.com? View our complete analysis and fair value estimate and you decide.

Uncover the next big thing with financially sound penny stocks that balance risk and reward.

Amazon.com’s recent partnership expansion with Veeva Systems underscores its alignment with cloud infrastructure and AI solutions, potentially enhancing long-term revenue streams. Over the past three years, Amazon's total shareholder returns, including share price and dividends, reached 99.60%. This substantial growth offers a broader perspective on Amazon’s market position beyond the immediate 10% share price increase in the recent quarter. While the NasdaqGS:AMZN stock underperformed the US Market over a one-year period, its long-term performance remains strong, highlighting its resilience and growth trajectory.

The recent developments are likely to positively influence Amazon's revenue and earnings forecasts. The adoption of AI technologies and fulfillment improvements may reduce costs and enhance margins, potentially driving revenue growth in AWS and advertising services. This aligns with analysts' projections of annual revenue growth of 8.9% and improving profit margins over the next few years. The share price increase brings Amazon closer to its consensus price target of US$239.33, narrowing the gap and suggesting that the market may be reflecting increased confidence in future earnings potential. Investors should consider how these factors align with their expectations as the consensus price target represents a 22.7% premium over the current share price, indicating room for potential growth.

Examine Amazon.com's earnings growth report to understand how analysts expect it to perform.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com