Scotiabank analyst Nat Schindler initiated coverage of Amazon.com with an Outperform rating and $245 price target The firm has a high level of confidence that consumers will use Amazon’s services more in the future. It is also positive on the company’s ability to monetize its artificial intelligence investments. The analyst expects corporate uses, streamlining customer interactions, speeding code development, storing and contextualizing unstructured data, and other business efficiencies to be the most substantial near- to medium-term opportunities.
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