Benchmark raised the firm’s price target on Amazon.com (AMZN) to $215 from $200 and keeps a Buy rating on the shares. Ahead of earnings, operating income was in focus, especially given callouts around investment in project Kuiper and what appeared to be the start of another general investment cycle, but Amazon showed with last night’s report that they can invest in initiatives, including ramping cloud and AI-driven demand, while still flowing through improvements to the bottom line, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMZN:
- Amazon.com price target raised to $240 from $230 at TD Cowen
- Amazon.com price target raised to $230 from $220 at Susquehanna
- Amazon.com price target raised to $220 from $213 at Baird
- Amazon price target raised to $230 from $210 at BofA
- 3 Best Stocks to Buy Now, 11/1/2024, According to Top Analysts
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
