J.P. Morgan analyst Doug Anmuth has increased Amazon's price target from $265 to $280, maintaining a buy rating on the stock. According to NS3.AI, this adjustment is attributed to robust growth in Amazon Web Services (AWS) and rising demand for artificial intelligence. Among the 67 sell-side analysts covering Amazon (AMZN), 96% have rated the stock as Strong Buy or Buy, with an average price target of approximately $295.
