Truist raised the firm’s price target on Amazon.com (AMZN) to $250 from $226 and keeps a Buy rating on the shares. The firm expects Amazon.com to report stronger than expected Q2 results, driven by a resilient North American consumer virtually unaffected by the macro or tariffs so far, and by favorable FX on a weakening US Dollar, the analyst tells investors in a research note. Slightly higher order frequency and average selling prices have also helped drive growth, Truist added, noting that it sees Amazon remaining a share gainer and a long-term winner across eCommerce, Advertising, Cloud and Logistics.
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