Telsey Advisory raised the firm’s price target on Amazon.com to $185 from $165 and keeps an Outperform rating on the shares ahead of the company reporting Q4 earnings after the markets close on Thursday, February 1. Ahead of the report, the firm is raising its Q4 and 2024 estimates to reflect anticipation of a “solid” 2023 holiday season, including the good early start related to the Prime event in October, gains from faster fulfillment, a stabilization of AWS, and a greater focus on profits, the analyst tells investors.
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