Roth MKM keeps a Buy rating and $260 price target on Amazon.com (AMZN) after its Q4 results Q1 guidance. The quarter would have been a big beat if USD hadn’t strengthened materially however as Q4 Retail margins came above expectations, and while Q1 guide feels soft, this was partially driven by FX & Leap Day comps, the analyst tells investors in a research note. Amazon plans to spend over $100B in FY25, with vast majority going towards AI datacenters, though the company also has the largest surface area of potential AI harvesting across Cloud, Commerce, Video, and Advertising, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon price target raised to $257 from $255 at BofA
- Benchmark raises Amazon price target, says ‘time to buy the dip’
- Amazon.com price target raised to $280 from $265 at BMO Capital
- Amazon.com price target raised to $265 from $225 at Piper Sandler
- Amazon.com price target lowered to $207 from $212 at Wells Fargo