Tigress Financial raised the firm’s price target on Amazon.com (AMZN) to $305 from $290 and keeps a Buy rating on the shares following the Q1 report. The firm believes Amazon remains well positioned to weather any economic and consumer spending environment given its “robust” e-commerce and fulfillment capabilities. The company continues to lean into artificial intelligence integration and innovation to drive revenue, cash flow growth and increasing shareholder value, the analyst tells investors in a research note.
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