Cleo Fields invests in Amazon (AMZN). JPMorgan raises price target to $240.

2025-07-02 16:00:00

Cleo Fields made a significant investment in Amazon, purchasing shares valued between $100,001 and $250,000. Amazon’s stock has shown a positive trend, with a 2.84% gain over the past five trading sessions and a 6.68% increase in the last month. JPMorgan raised Amazon’s price target to $240, citing better-than-expected Q1 earnings. Despite fluctuations, AWS is expected to drive Amazon’s growth, aiming for over $100 billion in operating income in the next two years.