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Amazon (AMZN) price target raised at Needham & Company following AppFabric launch

June 28, 2023 9:22 AM EDT

Needham & Company raised its price target for Amazon (NASDAQ: AMZN) to $150 from $120, maintaining a Buy rating after the tech giant's loud subsidiary, AWS, hosted an all-day AppFabric product launch.

Analyst Laura Martin explained that AppFabric is a new no-code AWS service that facilitates the integration of SaaS apps.

"Our... More