UBS raised the firm’s price target on Amazon.com (AMZN) to $271 from $249 and keeps a Buy rating on the shares ahead of the Q2 earnings report on July 31. CapEx and OpEx are for the most part already reflected in Street estimates, while revenue is still pending, the analyst tells investors in a research note. The firm believes Amazon is the “most-coiled” among its coverage given the more extensive investments across e-commerce, AWS, content/advertising, and Kuiper.
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