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Msg  53461 of 53651  at  7/13/2020 9:08:15 AM  by

rlp2451


Amazon gets Street-high price target on demand surge

Amazon gets Street-high price target on demand surge
Jul. 13, 2020 8:50 AM ET|About: Amazon.com, Inc. (AMZN)|By: Brandy Betz, SA News Editor

Ahead of the Q2 results later this month, Cowen raises Amazon's (NASDAQ:AMZN) price target from $2,750 to $3,700.

Analyst John Blackledge expects "strong" results, driven by the continuing e-commerce acceleration due to the pandemic.

Blackledge also sees upside from the cloud computing and ad businesses.

Cowen continues to see Amazon's valuation as attractive.

Amazon shares are up 1.9% pre-market to $3,261.


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Msg # Subject Author Recs Date Posted
53463 Re: Amazon gets Street-high price target on demand surge ex_hacker202 0 7/13/2020 9:22:00 AM






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