Canaccord analyst Michael Graham raised the firm’s price target on Amazon.com (AMZN) to $280 from $265 and keeps a Buy rating on the shares. The firm said they reported solid Q4 results, with total revenue essentially in line with consensus while operating income was decidedly above expectations while noting Amazon continues to make major advances in delivery, growing same-day delivery sites by 60% in 2024 and serving over 140 metro areas.
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