Susquehanna analyst Shyam Patil reiterated a Positive rating and $300.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Our thoughts. AMZN reported a generally solid 4Q and continues to see strong demand for AWS, which again saw growth accelerate. The 1Q guide was solid on revenue and a bit below on profitability, as the company plans to increase investments across various parts of the business, and the capex outlook came in ahead of expectations. 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."

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Shares of Amazon.com closed at $222.69 yesterday.