AWS and SAP Unlock New Innovation with Generative AI
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May 30, 2024 4:48 PM EDT
Tigress Financial Partners analyst Ivan Feinseth raised the price target on Amazon.com (NASDAQ: AMZN) to $245.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on AMZN and increase our 12-month target price to $245 as increasing AI demand drives strong AWS results as enterprises look to drive increasing value-additive generative AI integration and increasing AI-driven capabilities across all product lines, and ongoing expansion of Prime Membership services will continue to drive further revenue growth and increasing shareholder value creation. Accelerating AI demand is driving strong AWS cloud results as enterprises... More
May 30, 2024 1:59 PM EDT
Analysts at Bank of America believe advertising revenues could contribute 5 points to tech giant Amazon's (NASDAQ: AMZN) long-term margins, helping to push them to new highs.
The investment bank noted that Amazons advertising revenues continue to grow faster than Gross... More
