1 Wall Street Analyst Thinks Amazon Stock Is Going to $270. Is It a Buy?
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Amazon's recent earnings report showed an 11% revenue increase, with strong growth in both e-commerce and AWS. The stock rose 6% following the report, prompting analysts to raise price targets, with Truist setting a target implying over 35% upside. Amazon's international segment turned profitable, and the company plans significant capital expenditures to support AI demand. Analysts maintain a buy rating, suggesting Amazon remains a strong investment despite potential challenges in reaching future price targets.
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