Mizuho raised the firm’s price target on Amazon.com (AMZN) to $260 from $240 and keeps an Outperform rating on the shares. The analyst believes the key themes for Amazon Web Services’ re:Invent-2024 are unlocking opportunity of launching generative artificial intelligence apps as the industry reaches an inflection point of proof of concepts moving to production. Given a positive view on cloud computing, Mizuho raised its fiscal 2025 AWS growth outlook to 21% from 19%.
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