Citi analyst Ronald Josey raised the firm’s price target on Amazon.com (AMZN) to $270 from $265 and keeps a Buy rating on the shares following the Q2 report. The firm sees investor debate around Amazon Web Services share losses to both Azure and Google Cloud. However, Citi expects demand strength as AWS alleviates infrastructure capacity constraints.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon’s Strong Q2 2025 Performance and Strategic Investments Signal Long-Term Growth Potential
- CMA panel says Microsoft’s software rules hurting cloud competitors
- Amazon’s Long-Term Growth Potential Outweighs Short-Term Challenges: A Buy Rating Justified
- Amazon.com price target raised to $275 from $240 at Barclays
- Amazon’s Strong Retail Performance and AWS Growth Potential Justify Buy Rating