Roth MKM keeps a Buy rating and $260 price target on Amazon.com (AMZN) after its Q4 results Q1 guidance. The quarter would have been a big beat if USD hadn’t strengthened materially however as Q4 Retail margins came above expectations, and while Q1 guide feels soft, this was partially driven by FX & Leap Day comps, the analyst tells investors in a research note. Amazon plans to spend over $100B in FY25, with vast majority going towards AI datacenters, though the company also has the largest surface area of potential AI harvesting across Cloud, Commerce, Video, and Advertising, the firm added.
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