Rosenblatt raised the firm’s price target on Amazon.com (AMZN) to $332 from $296 and keeps a Buy rating on the shares. Amazon delivered stronger revenue and operating income growth in Q1 than guided or estimated amid acceleration in AWS and Q2 guidance suggests steady to improving trends, the analyst tells investors. Unlike hyperscaler peers Alphabet (GOOG) (GOOGL) and Meta (META), Amazon did not raise its capex outlook for 2026, the analyst also noted.
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