Citi analyst Ronald Josey raised the firm’s price target on Amazon.com to $215 from $210 and keeps a Buy rating on the shares post the Q4 report. The analyst says Web Services demand is improving, retail revenue growth is accelerating on faster shipping speeds, and the company’s margins are expanding materially. Amazon is delivering consistent growth at both AWS and its retail business and is doing so more profitability, a trend that can continue going forward, the analyst tells investors in a research note.
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