BUZZ-Street View: Amazon’s marketplace business momentum keeps analysts bullish
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Amazon's Q3 sales forecast exceeds market estimates, but its AWS cloud unit fell short of expectations, leading to a 7% drop in premarket trading. Analysts remain optimistic, with J.P. Morgan, Pivotal Research, Canaccord Genuity, and RBC Capital Markets maintaining positive ratings and price targets ranging from $240 to $285, citing strengths in inventory management, organic revenue growth, and the importance of AWS growth for investor confidence.
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