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Amazon (AMZN) shares have room to move higher - UBS

June 8, 2023 10:17 AM EDT

UBS analyst Lloyd Walmsley raised the firm's price target on Buy-rated Amazon (NASDAQ: AMZN) to $150 from $130 in a note Thursday.

The analyst told investors that generative artificial intelligence (AI) could show up at Amazon Web Services (AWS) by the fourth... More