Analysts at Jefferies are bullish on Amazon (NASDAQ: AMZN) and have raised their price target to $235 per share from $225. The research note cited strong growth in Amazon Web Services (AWS) and the advertising sectors as key factors driving the optimism. The analysts reiterate their BUY rating on AMZN, highlighting the significant contribution of high-growth, high-margin segments to Amazon’s overall value. They expect AWS revenue growth to accelerate and foresee steady growth in the advertising sector. Jefferies also emphasizes the attractive valuation of Amazon shares, noting a discount relative to historical averages.
Separately, analysts at Needham & Company maintained a Buy rating and $205 price target on Amazon after meeting with a former Amazon advertising salesperson. Positive factors highlighted in their analysis include changes in media metrics, the level of advertising, data synergies with AWS, and more.
Article Source
https://uk.investing.com/news/stock-market-news/jefferies-hikes-amazon-stock-target-on-strong-aws-and-advertising-trends-432SI-3581415