From Financial Modeling Prep: 2024-12-18 04:52:38

Bernstein raises Amazon.com Inc.’s price target to $265, citing sustained growth and operational efficiency. Core areas like retail, AWS, and advertising are driving robust outlook, with advertising revenue projected to grow ~20% annually. Cost-cutting initiatives expected to boost margins to 11.4% by 2025. Despite 55% YTD gain, valuation remains below historical averages.



Read more at Financial Modeling Prep:: Bernstein Raises Amazon Price Target, Cites Long-Term Growth Potential