Amazon Stock Price Target Raised to $330 by Phillip Securities
Photo: TronWeekly
Amazon Stock Price has gained attention following Phillip Securities’ upgrade of Amazon (NASDAQ: AMZN) stock to a “Buy” recommendation from a prior “Accumulate” recommendation. This upgrade was followed by an increase in the stock’s price target to $330 from $320. This new evaluation is based on the company’s AI and cloud computing strategies. Amazon is viewed by the brokerage firm to be well positioned in terms of taking advantage of the growing demand for AI infrastructure and cloud services.
Source: TronWeekly
