Weekly Recap | Amazon +0.74%, consensus target above spot
Weekly Review·
- Amazon shares rose 0.74 % to close at 251.52 dollars this week, outperforming the S&P 500 index.
- Key events included Amazon seeking to offload 8 billion dollars in Nvidia chip assets for AI infrastructure financing and facing upcoming EU cloud service regulations.
- Institutional sentiment remained strongly positive, with 57 out of 63 covering agencies rating the stock as a buy or overweight, yielding a consensus target price of 330.59 dollars.