Reported 27 days ago
Stifel has increased its price target for Amazon (AMZN) from $245 to $262, maintaining a Buy rating, as analysts anticipate the company will exceed Q2 earnings forecasts. This positivity is bolstered by recent strategic agreements and the delay of tariff measures benefiting Amazon. Stifel acknowledges that its previous projections were conservative and expresses confidence in Amazon's long-term financial performance within the e-commerce sector.
Source: YAHOO