Bernstein analyst Mark Shmulik raised the firm’s price target on Amazon.com (AMZN) to $315 from $300 and keeps an Outperform rating on the shares following quarterly results. The firm values Amazon using a 50/50 combination of sum of the parts method and the AWS segment at a 2027 EV/EBIT multiple of 25 times, and a DCF using a WACC of 9% and a terminal growth rate of 3.5%.
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