Reported 9 months ago
Amazon's stock surged 4.1% on Wednesday, attributed to a positive outlook from Bank of America analysts who maintained a buy rating and raised the price target to $220. Another contributing factor was Amazon's investment in Rivian Automotive, with news of a new joint venture with Volkswagen propelling Rivian stock up over 20%. As Amazon stock has increased by over 50% in the past year, it remains a desirable investment opportunity due to its various growth catalysts and attractive valuation.
Source: YAHOO