Wall Street analysts raised their valuation targets for Amazon.com after the company reported stronger-than-expected second-quarter results. Goldman Sachs lifted its price objective to $240, while Cantor Fitzgerald moved to $280 and Rosenblatt Securities to $297. Susquehanna, D.A. Davidson, Bank of America and Barclays also reiterated bullish views, setting targets of $260 and $265 or maintaining earlier Buy ratings. The wave of revisions followed an 8% pre-market decline in Amazon’s shares, which some brokers framed as a buying opportunity. Amazon’s June-quarter revenue and operating income surpassed consensus estimates, helped by solid performance in the core e-commerce business despite uncertainty created by the United States’ 145% tariff on Chinese goods. Growth at Amazon Web Services, however, continued to lag rivals Microsoft Azure and Google Cloud. Several analysts said the company’s elevated capital-expenditure plans—aimed at expanding infrastructure to handle artificial-intelligence workloads—could pressure near-term cash flow but should reinforce Amazon’s competitive position over the longer term.