Piper Sandler analyst Tom Champion reiterated an Overweight rating and $123.00 price target on Amazon.com (NASDAQ: AMZN).

"AMZN is again the most widely used retailer among teens, improving to 57% of respondents saying AMZN is their favorite online retailer from 52% in Fall ‘22. 87% of U.S. households have a Prime subscription, up ~2% from Fall ‘22. We continue to view Prime and Amazon Shopping as a dominant teen franchise."

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Shares of Amazon.com closed at $102.41 yesterday.