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.
Claim 55% Off TipRanks
New trading tool for AMZN bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Why AI Models like ChatGPT and Grok Can’t Predict Profitable Trades, and Never Will
- Amazon’s Prime Day expected to bring in $12.9B in U.S., WSJ reports
- Optimistic Outlook for Amazon: Surpassing Expectations with Strong Growth in AWS, eCommerce, and Advertising
- AMD Stock Dips on Ryzen Amazon Prime Day Deals
- Amazon (AMZN) Prime Day Forecast to Generate $23.8 Billion in Online Sales