Tigress Financial raised the firm’s price target on Amazon.com (AMZN) to $315 from $305 and keeps a Buy rating on the shares, citing expanding proprietary AI capabilities across AWS and retail along with the company’s high-margin revenue streams that drive increasing cash flow. The firm notes that its raised 12-month price target represents a potential 52% return from current levels.
Meet Samuel – Your Personal Investing Prophet
Explore AMZO for 2X short leverage on AMZNPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- IPO Prospect Databricks Buys Two Startups to Power New AI Security Platform
- Midday Fly By: Merck to acquire Terns, Arm CPU launch applauded
- One More Reason to Buy Micron Stock (MU): The Company Just Raised Its Dividend 30%
- TikTok’s Move into TV and Film Production Fails to Rattle Rival Streaming Stocks
- Comcast Advertising launches Outcomes+ solution
