Amazon Named Evercore ISI's Top Large-Cap Internet Pick for 2026
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Amazon has been named Evercore ISI's top large-cap Internet pick for 2026, despite a 0.5% decline in shares. Analyst Mark Mahaney emphasized the strong performance of Amazon Web Services (AWS), which saw a 20% year-over-year revenue growth in Q3, the fastest in 11 quarters. Key growth drivers include Amazon's grocery segment, Trainium chips, and various strategic initiatives. Mahaney projects a 25% EPS CAGR and solid revenue growth, with Amazon's stock rated as "Outperform" on Wall Street.
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