Amazon.com (AMZN) PT Raised to $285 at Citizens JMP

Citizens JMP analyst Andrew Boone raised the price target on Amazon.com (NASDAQ: AMZN) to $285.00 (from $250.00) while maintaining a Market Outperform rating.

The analyst commented, “With reach across 100M + U.S. households, supported by a best-in-class logistics network, and ever-widening selection, we believe Amazon's ability to offer ever faster delivery can continue to unlock demand for additional retail categories and retail growth. This retail network fuels Amazon's consumer data which is a key driver of its advertising business that we believe can continue to take share given Amazon's growing CTV business. Last, and maybe most important, we believe AI is a key driver of digital transformation and that AI can help drive AWS growth to accelerate, as the AWS opportunity remains underappreciated, in our view.”

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