Wall Street analyst updates Amazon stock price target
Wall Street analysts remain constructive on Amazon (NASDAQ: AMZN), with Bank of America Securities maintaining a bullish stance on the stock following recent developments in the company’s artificial intelligence (AI) strategy.
In this case, Justin Post of BofA reiterated a ‘Buy’ rating on Amazon shares and kept the firm’s price target unchanged at $303. Indeed, this target represents an increase of 27% from the press time price of $238
The analyst’s view is underpinned by Amazon’s expansion of its Alexa ecosystem, highlighted by the launch of Alexa.com, a web-based version of its AI assistant made available to early access users.
The move extends Alexa…
