Evercore ISI raised the firm’s price target on Amazon.com (AMZN) to $335 from $280 and keeps an Outperform rating on the shares after Q3 results exceeded expectations, with revenue hitting $180B and operating income reaching a “record-high margin” of 12%. The AWS segment “particularly stood out” with its fastest growth in 11 quarters, notes the analyst, who views Amazon as positioned to be a high-quality compounder with these “strong results.”
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