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Amazon.com price target raised to $238 from $201 at Wells Fargo

Wells Fargo raised the firm’s price target on Amazon.com (AMZN) to $238 from $201 and keeps an Equal Weight rating on the shares. The firm believes Amazon’s shares represent the best tactical long Q2 EPS setup among the mega-cap Internet stocks, with retail trends resilient and supply constraints easing, enabling second half of 2025 AWS acceleration against muted expectations.

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