Reported 3 months ago
As Amazon prepares to release its quarterly earnings on August 1, analysts are revising their stock forecasts. Evercore ISI has upgraded Amazon to an outperform rating with a $225 price target, confident in a likely positive earnings report following a strong display in the previous quarter. This optimism follows Amazon's efforts to enhance customer experiences while aiming for efficiency, alongside the continued growth of its cloud services.
Source: YAHOO