Reported 2 days ago
Cantor Fitzgerald analyst Deepak Mathivanan has raised Amazon's price target to $260 from $240, maintaining an 'Overweight' rating as the company shows positive trends in retail growth and AWS performance. The firm projects a 9% increase in FY26 EBIT estimates and expects Amazon’s upcoming earnings report to reflect steady revenue with strong EBIT guidance. Despite challenges in the broader market, the analysts view the current investment in AMZN as favorable.
Source: YAHOO