Bank of America Adjusts Amazon's Stock Price Target Following Strong Earnings
Bank of America raised Amazon's stock price target to $310 from $298 following the company's strong Q1 earnings, which exceeded estimates. The upgrade is based on Amazon's robust AI-driven AWS, improved retail performance, and long-term AI opportunities. Analysts maintain a 'buy' rating despite ongoing challenges like competition and capital expenditures.
Topics: AI Amazon Analyst Upgrade AWS Earnings Retail Growth Stock Price Target