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Benzinga
Benzinga
Business
Anusuya Lahiri

SHOCKING: Amazon closing the gap in ai race analysts | Mind Blowing Facts

Amazon AWS Doug Anmuth Amazon.com Inc. Amazon Web Services Nasdaq Nvidia Justin Post Scott Devitt Artificial Intelligence
Amazon

Amazon.com Inc (NASDAQ:AMZN) secured fresh bullish backing from Wall Street on Wednesday as analysts lauded the tech giant's "agent-driven" artificial intelligence strategy and custom chip breakthroughs unveiled at Amazon Web Services re:Invent.

  • Bank of America Securities analyst Justin Post reiterated a Buy rating on Amazon and raised the price forecast from $272 to $303.
  • JP Morgan analyst Doug Anmuth reiterated an Overweight rating on Amazon and set a price forecast of $305.
  • Wedbush analyst Scott Devitt reiterated Amazon with an Outperform and set a price forecast of $340.
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