Amazon stock rises 2.7% after Redburn Atlantic raises price target to $235

From Nasdaq: 2024-11-26 15:56:11

Amazon (NASDAQ: AMZN) stock rose 2.7% on Tuesday, outperforming the S&P 500 and Nasdaq. Redburn Atlantic raised Amazon’s price target to $235 per share, citing its strong AI ecosystem and AWS leadership. AI is expected to drive more wins for AWS, contributing to Amazon’s revenue and profit growth.

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Read more at Nasdaq: Why Amazon Stock Is Gaining Today