Reported 25 days ago
Goldman Sachs analysts have raised their price targets for Amazon shares following the company's solid Q3 earnings, which surpassed Wall Street expectations with a revenue of $158.9 billion, an 11% year-over-year increase. The growth is attributed to strong retail and advertising sales, alongside significant contributions from its Amazon Web Services (AWS) division. Analysts are increasingly optimistic about Amazon's investment in AI technologies and the company's potential for sustained revenue growth and improved profit margins moving forward.
Source: YAHOO