Amazon.com price target raised to $300 from $265 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Amazon.com (AMZN) to $300 from $265 and keeps an Outperform rating on the shares. The company reported “strong” Q3 earnings an Q4 guidance reflecting healthy sales, the analyst tells investors. Amazon should gain market share by leveraging its Prime member base, small business relations, and technology edge, the firm adds.

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