JPMorgan raised the firm’s price target on Amazon.com to $180 from $145 and keeps an Overweight rating on the shares. Following the company’s Q2 results and Q3 outlook, the analyst believes the shares will likely re-rate and continue to move higher. “There are a number of critical inflecting metrics to call out,” the analyst tells investors in a research note. The results show the bull thesis of Wed Services stabilizing while Retail sees accelerating growth and meaningful margin expansion is playing out, the analyst tells investors in a research note.
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