Susquehanna reaffirms Positive outlook on Amazon stock, price target unchanged By Investing.com
On Wednesday, Susquehanna reaffirmed its positive stance on Amazon.com (NASDAQ:), maintaining a $230.00 price target. With revenue reaching $620.13 billion in the last twelve months and 31 analysts revising earnings upward, Amazon continues to demonstrate strong market momentum. The endorsement follows Amazon’s announcement of its new Amazon Nova line of foundation models at the AWS re:Invent conference.
According to InvestingPro data, Amazon’s stock is trading near its 52-week high, reflecting investor confidence in its innovation initiatives. Amazon Nova is a suite of four models, including Micro, Lite, Pro, and Premier. Micro is a text-only model, while Lite, Pro, and Premier are multi-modal models, each varying in size.
Amazon has…
