Citizens JMP raised the firm’s price target on Amazon.com (AMZN) to $285 from $250 and keeps an Outperform rating on the shares. Amazon’s ability to offer ever faster delivery can continue to unlock demand for additional retail categories and retail growth, the analyst tells investors in a research note. The firm believes AI is a key driver of digital transformation and that AI can help drive AWS growth to accelerate, as the AWS opportunity remains underappreciated.
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