Needham analyst Laura Martin raised the firm’s price target on Amazon.com (AMZN) to $250 from $210 and keeps a Buy rating on the shares ahead of the firm’s Needham Growth Conference panels that will include some of the company’s former employees. Needham is citing Amazon’s focus on customer-centric innovation, with most of its product development coming directly from customer feedback, along with its focus on scale from the very beginning of all new initiatives, the analyst tells investors in a research note.
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