HSBC raised the firm’s price target on Amazon.com to $220 from $200 and keeps a Buy rating on the shares. The company’s Q1 delivered another “show me” update, with a record high group operating income margin and a solid Web Services growth beat, the analyst tells investors in a research note. The firm says Amazon is maintaining a fine balance between investments and profits.
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
