Phillip Securities upgrades Amazon to Buy with $330 target
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Phillip Securities upgraded Amazon (NASDAQ:AMZN) to Buy from Accumulate on Monday and raised its price target from $320 to $330, arguing that demand for Amazon Web Services justifies the company's heavier spending. Amazon shares were up…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe upgrade, backed by AWS demand, lifts the mega-cap stock, which rose 5.22%.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Phillip Securities raised its target from $320 to $330.
- 02Its 2027 revenue estimate was raised 2% and net income forecast 3%.
- 03Amazon shares were up 5.22% as of 10:30 a.m. ET.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets