UBS analyst Stephen Ju lowered the firm’s price target on Amazon.com (AMZN) to $272 from $275 and keeps a Buy rating on the shares. Amazon’s ambitious $100B capital expenditure plan for 2025 sets the stage for substantial return on invested capital from all of Amazon Web Services, e-commerce, advertising, and Kuiper, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon price target raised to $257 from $255 at BofA
- Benchmark raises Amazon price target, says ‘time to buy the dip’
- Amazon.com price target raised to $280 from $265 at BMO Capital
- Amazon.com price target raised to $265 from $225 at Piper Sandler
- Amazon.com price target lowered to $207 from $212 at Wells Fargo