Close (AMZN) Mentioned Positively at Susquehanna

November 29, 2023 7:27 AM EST
Get Alerts AMZN Hot Sheet
Price: $181.91 +0.35%

Rating Summary:
    65 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 14 | New: 16
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Susquehanna analyst Shyam Patil reiterated a Positive rating and $185.00 price target on (NASDAQ: AMZN)

The analyst comments "Unveiling Amazon Q, an AI chatbot for enterprises. One of the key product announcements at this year’s re:Invent conference was a generative AI tool – Amazon Q, a new AI-powered assistant designed for enterprises. The product, currently in preview, is designed for use within AWS, and it also can help AWS customers with general business functions (like marketing and finance), business intelligence, and customer service. Amazon Q has been trained using 17 years of AWS data and can help developers navigate the cloud, troubleshoot networking issues, and streamline processes. AWS customers can better leverage the chatbot by training it on internal company documents and data to customize it to the organization’s needs, allowing the chatbot to answer company-specific questions. On the customer service side, Amazon Q can provide real-time responses to customer queries using speech-to-text technology and is able to create post-call summaries for customer service agents. AWS also highlighted that the tool was designed with privacy in mind – the solution is only accessible through a customer’s authentication system and has internal guardrails that determine which users can access certain information and prevents unauthorized users from viewing sensitive data. Furthermore, the company made clear it doesn’t use its enterprise customers’ content to train Amazon Q’s underlying models."

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Shares of closed at $147.03 yesterday.

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