Susquehanna analyst Shyam Patil raised the firm’s price target on Amazon.com (AMZN) to $300 from $260 and keeps a Positive rating on the shares. The firm updated its model folowing strong Q3 results with AWS accelerating and posting its highest growth rate since 2022. The top-line outlook for 4Q was largely fine, though the CSOI guide came in a little lower.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon price target raised to $315 from $300 at Morgan Stanley
- Amazon.com price target raised to $315 from $280 at Cantor Fitzgerald
- Amazon price target raised to $335 from $280 at Evercore ISI
- Amazon.com price target raised to $300 from $265 at DA Davidson
- Amazon.com price target raised to $285 from $244 at Baird