Wedbush raised the firm’s price target on Amazon.com (AMZN) to $250 from $225 and keeps an Outperform rating on the shares. Amazon reported strong Q3 results with revenue and operating income ahead of expectations, the analyst tells investors in a research note. The firm says Amazon has now reported operating income above the high end of its guidance range for the seventh consecutive quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon’s target deadline to unveil AI-upgraded Alexa delayed, Bloomberg reports
- Amazon.com price target raised to $240 from $230 at Goldman Sachs
- Amazon.com price target raised to $250 from $230 at JPMorgan
- Amazon Reports Strong Third Quarter Growth
- Closing Bell Movers: Amazon gains 6%, Apple slips 2% on earnings