Jefferies Reiterates Buy Rating on Amazon.com (AMZN)

Truist Securities on Amazon.com (AMZN): '$100B+ opportunity for the taking and we believe AMZN's well positioned to capitalize on it'

September 3, 2024 6:55 AM EDT

Truist Securities analyst Youssef Squali reiterated a Buy rating and $230.00 price target on Amazon.com (NASDAQ: AMZN)

The analyst comments "With Amazon controlling ~48% of US ecommerce, normalizing growth for Stores, AWS, the ads business and growing Chinese competition, it has put... More

Amazon.com (AMZN) PT Raised to $265 at JMP Securities

September 3, 2024 2:00 AM EDT

JMP Securities analyst Nicholas Jones raised the price target on Amazon.com (NASDAQ: AMZN) to $265.00 (from $245.00) while maintaining a Market Outperform rating.

The analyst comments: "We believe our higher-than-consensus advertising estimates are reasonable given Amazon's vertically integrated full-stack advertising platform, which can... More

Amazon (AMZN) September 13 weekly 205 calls active as share price up 1%

August 30, 2024 10:58 AM EDT

Amazon (NASDAQ: AMZN) 30-day option implied volatility is at 26; compared to its 52-week range of 22 to 49. Call put ratio 2.3 calls to 1 put with focus on September 13 weekly 205 calls.

... More

Analysts downgrade Dollar General shares after selloff

August 30, 2024 7:07 AM EDT

Investing.com -- Dollar General (NYSE: DG) shares plunged more than 32% on Thursday after the discount retailer reported second-quarter earnings and revenue that fell short of analyst expectations and significantly lowered its full-year guidance.

Following the plunge, analysts at both Morgan Stanley and Telsey Advisory Group downgraded the stock.

The company's struggles are largely tied to a weaker low-income consumer base and a tougher competitive landscape, which have made its... More

Meta's Llama business could be worth $10 to $20B+ says Jefferies

August 30, 2024 4:37 AM EDT

Meta Platforms (NASDAQ: META) Llama family of AI models could be worth between $10 and $20 billion, which would represent more than a 1% upside to its current market capitalization.

Such valuation, according to Jefferies, reflects its leading share in open-source deployments, access to data, compute resources, and Meta's extensive consumer user base.

Analysts see this valuation as comparable to companies like xAI and Anthropic but lower than... More

Exclusive-Amazon turns to Anthropic's Claude for Alexa AI revamp

August 30, 2024 4:04 AM EDT

By Greg Bensinger

SAN FRANCISCO (Reuters) - Amazon's revamped Alexa due for release in October ahead of the U.S. holiday season will be powered primarily by Anthropic's Claude artificial intelligence models, rather than its own AI, five people familiar with the matter told Reuters.

Amazon plans to charge $5 to $10 a month for its new "Remarkable" version of Alexa as it will use powerful generative AI to answer complex queries, while still offering the "Classic" voice assistant for free, Reuters reported in June.

But initial versions of the new Alexa using in-house software simply struggled for... More