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MoffettNathanson Reiterates Buy Rating on Amazon.com (AMZN)
May 23, 2024 6:21 AM EDTMoffettNathanson analyst Michael Morton reiterated a Buy rating and $246.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "Admittedly, questions remain on the duration of the investment cycle in AWS. Will FY24 be the high watermark for AWS capex or will AI training and inference demand materialize to the extent it pushes continued capex growth into 2026 and the... More
