Amazon.com price target raised to $180 from $176 at Truist

Truist raised the firm’s price target on Amazon.com to $180 from $176 and keeps a Buy rating on the shares. The company’s Q4 results should come in at the very high-end of expectations on higher ecommerce and Ad revenue, the analyst tells investors in a research note, citing Truist Card Data. In AWS, Truist sees growth of 13.5%, in line with consensus and a slight acceleration from Q2-Q3 levels of 12% as customers increasingly shift their focus away from cost optimization to new workload deployment.