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Amazon.com (AMZN) PT Raised to $210 at Needham, 'Twitch Deep Dive: AMZN's $46B Hidden Gem'

July 17, 2024 6:12 AM EDT

Needham analyst Bernie McTernan raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "Our AMZN investment thesis is that: a) it is a Services company with rapidly expanding margins, and a... More

Amazon stock target raised at Goldman on higher profit estimates

July 16, 2024 10:56 AM EDT

Goldman Sachs analysts have raised their outlook for Amazon (NASDAQ: AMZN) stock, citing an anticipated increase in operating income driven by stronger margins.

In their recent note, the analysts highlighted three key factors likely to influence Amazon's upcoming Q2 2024 operating results: the overall health of the consumer market, Amazon's ability to enhance its operating income margins, and the growth trajectory of AWS revenue.

Goldman Sachs said Amazon's eCommerce... More