Analyst Brian White from Monness maintained a Buy rating on Amazon (AMZN – Research Report) and keeping the price target at $265.00.
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Brian White’s rating is based on Amazon’s strategic positioning and innovative advancements, particularly within its AWS division. The company has demonstrated a strong commitment to security, which is increasingly important in today’s digital landscape. AWS’s recent conference highlighted its proactive approach to security, including the implementation of multi-factor authentication and a focus on secure foundations that enable innovation.
Additionally, Amazon is poised to leverage its strengths in cloud computing, digital advertising, and AI innovations. The company’s efforts to streamline operations through a regional fulfillment network and a leaner cost structure further support its growth potential. Despite facing regulatory challenges and macroeconomic uncertainties, Amazon’s ability to capitalize on these opportunities underpins the Buy rating.
According to TipRanks, White is a top 100 analyst with an average return of 17.8% and a 67.15% success rate. White covers the Technology sector, focusing on stocks such as Apple, Datadog, and Oracle.
In another report released on June 11, Barclays also maintained a Buy rating on the stock with a $240.00 price target.