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Amazon Gains Bullish $335 Target as Rosenblatt Hails Hidden AI Strengths

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The Story

News Summary

  • Rosenblatt initiated coverage on Amazon with a bullish $335 price target, highlighting underappreciated AI upside and AWS acceleration.
  • While Google Cloud and Azure outpaced AWS in percentage growth, AWS maintains market leadership with superior dollar revenue additions and a massive $496 billion backlog.
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AMZN price history

253.54 +10.39% over the displayed period

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