Benchmark has raised its price target for Amazon (AMZN) to $265 from $215, maintaining a 'Buy' rating ahead of the company's fourth-quarter earnings report scheduled for February 6 after market close. Analysts anticipate Amazon will disclose earnings of $1.49 per share, reflecting a 49% year-over-year increase, alongside revenue expectations of $187.3 billion, a 10.2% rise year-over-year. The firm expressed caution regarding the upcoming earnings, citing concerns over potential challenges in Amazon's cloud growth and overall market conditions. The focus will be on key metrics such as International Operating Income and AWS growth, which have been pivotal in driving the company's recent performance.