Amazon touts its low-cost cloud computing in generative AI race
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July 13, 2023 3:40 PM EDT
Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $150.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Our View: We estimate that Amazon generated approx. $11.9B in GMV and $6.2B in Revenue over its two-day Prime Day shopping holiday, accounting for 4-5% of our Q3 AMZN Revenue estimate. We view these results as modestly better than we would have assumed (vs. the past two years of mgmt. disclosures of 400bps contribution to Revenue). Reit Outperform & $150 PT. AMZN remains one of our top Large Cap Net... More
July 12, 2023 10:21 AM EDT
The price target for Amazon (NASDAQ: AMZN) was raised to $145 from $125 at Telsey Advisory Group on Wednesday, with analyst Joseph Feldman reiterating an Outperform rating on the stock.
The analyst said he believes Amazon's Prime Day, which we are currently in... More
