Roth Capital raised the firm’s price target on Amazon.com (AMZN) to $270 from $250 and keeps a Buy rating on the shares. The company reported an exceptional Q3 with Revenue upside driven by 3-year high growth in Cloud, while the pre-tax income included several one-time items like Layoff charges and FTC legal settlement offset by Anthropic valuation upside, the analyst tells investors in a research note.
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