Truist raised the firm’s price target on Amazon.com (AMZN) to $285 from $280 and keeps a Buy rating on the shares ahead of its Q1 results. The quarter should show further growth acceleration at AWS and above-industry growth across e-commerce and digital advertising, the analyst tells investors in a research note. Truist adds the firm expects AWS revenue growth to accelerate to 25% in Q1 from 23% in Q4 amid sustained momentum being driven by faster adoption in AI workloads from a growing roster of partnerships, including OpenAI and Anthropic.
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