Amazon.com price target raised to $142 from $130 at JPMorgan

JPMorgan analyst Doug Anmuth raised the firm’s price target on Amazon.com to $142 from $130 and keeps an Overweight rating on the shares. The company reported "mixed" Q4 results as Web Services deceleration and margin compression were offset by better than expected Retail revenue and improving leverage, the analyst tells investors in a research note.. Accordingly, the firm believes a "near-term hand-off in the story" from AWS to Retail is taking place. It is encouraged, however, by Amazon’s comments that it expects to make big improvements to North America operations costs in 2023.