Susquehanna Reiterates Positive Rating on Amazon.com (AMZN)

Susquehanna analyst Shyam Patil reiterated a Positive rating and $325.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Our thoughts. AMZN posted generally fine 3Q results with strong AI-driven demand for AWS offsetting some softness around Ads and 1P sales due to mostly timing factors. The company also guided 4Q in line on revenue but below on profitability. Despite some noise in the near term, we continue to view AMZN as a long-term secular grower underpinned by its strong e-commerce, cloud/AI, and advertising business and remain Positive."

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $243.79 yesterday.

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