Morgan Stanley analyst Brian Nowak raised the firm’s price target on Amazon.com to $185 from $175 and keeps an Overweight rating on the shares. The firm raised its FY24/25 EBIT/EPS estimates by about 9% and 14% driven by Prime Video ads coming at the end of this month and what it expects to be faster improvements in North American retail profitability. The firm now models $5.55 of FY25 EPS and $7.40 of free cash flow per share, the analyst tells investors.
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