Oppenheimer raised the firm’s price target on Amazon.com (AMZN) to $290 from $245 and keeps an Outperform rating on the shares following quarterly results. The firm notes AWS Q3 revenue growth accelerated to +20% year-over-year vs. Q2’s +17% and “gaining momentum.” AWS commentary was more bullish than in Q2, with most of the call focused on cloud, AI and chips.
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