Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Amazon.com (AMZN) to $235 from $215 and keeps an Outperform rating on the shares. Amazon reported “strong” Q3 results and provided a better-than-expected Q4 guidance, the analyst tells investors. The firm believes Amazon should continue to gain market share by leveraging its Prime member base, small business relations, and technological edge.
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