Cantor Fitzgerald reduced the price target on Amazon.com, Inc. (AMZN) stock to $260 from $315, maintaining an “Overweight” rating due to lingering macro-economic concerns. Jefferies, on the other hand, increased the stock’s price target to $300 from $275, expecting a reversal in negative sentiment with accelerating AWS growth and AI improvements. The firm highlighted Amazon’s robust market position in cloud computing and its potential as a critical provider of AI solutions. While Amazon remains a solid investment, some AI stocks may offer greater upside potential and lower downside risk.

Read more at Yahoo Finance: Cantor Fitzgerald Reduces PT on Amazon.com (AMZN) Stock