Analyst sets Amazon stock price target
Photo: Finbold
Phillip Securities upgraded Amazon (NASDAQ: AMZN ) to “Buy” from “Accumulate” on Monday, November 2, raising its Amazon stock price target from $320 to $330. The firm expressed confidence in the company’s cloud computing and artificial intelligence ( AI ) prospects, in particular Amazon Web Services (AWS). At the same time, analyst Helena Wang raised the financial group’s fiscal 2027 revenue estimate for Amazon by 2% and adjusted the net income forecast by 3%, citing stronger growth in AWS.
Source: Finbold
