Morgan Stanley analyst Brian Nowak lowered the firm’s price target on Amazon.com (AMZN) to $300 from $315 and keeps an Overweight rating on the shares. AWS is accelerating with even faster growth ahead and Retail is delivering with improving efficiency, says the analyst. While Amazon is investing, it has a track record of showing return on invested capital, leaving the firm “bullish” on what it sees as an “under-appreciated GenAI winner.”
Claim 30% Off TipRanks
Trade AMZN with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon.com downgraded to Neutral from Buy at DA Davidson
- German cartel office bans Amazon from using price controls
- MSFT vs. AMZN vs. GOOGL: Which Is the Top ‘Strong Buy’ Hyperscaler Post Earnings?
- Amazon.com price target lowered to $265 from $320 at Citi
- Amazon.com price target lowered to $250 from $260 at Cantor Fitzgerald