BofA analyst Justin Post raised the firm’s price target on Amazon.com (AMZN) to $265 from $248 and keeps a Buy rating on the shares. The firm, which slightly raised estimates ahead of the company’s Q2 report due on Thursday July 31 to account for strong Q2 retail data, foreign exchange and Anthropic AI growth, notes that its revised $164B Q2 revenue estimate is above the Street at $162B. The firm estimates Q2 profit at $17.8B, which it notes is above the high end of the company’s guidance range at $17.5B and tops the Street view of $17.0B.
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