Baird raised the firm’s price target on Amazon.com to $210 from $205 and keeps an Outperform rating on the shares. The firm said it remains one of their top 2024 picks after reporting strong Q1 results that exceeded expectations with healthy e-commerce volumes, accelerating AWS growth, and meaningful margin improvement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- AMZN Earnings: Amazon Jumps on Stellar Q1 Results
- Amazon or AMD: Deutsche Bank Picks the Superior Tech Stock to Buy Ahead of Earnings
- Options Volatility and Implied Earnings Moves Today, April 30, 2024
- Amazon’s ‘Fallout’ show pulls 65M viewers in first 16 days, Variety reports
- Amazon (NASDAQ:AMZN) Mostly Flat as Speed Investments Pay Off