BofA raised the firm’s price target on Amazon.com (AMZN) to $230 from $210 and keeps a Buy rating on the shares following a Q3 margin beat that included a new high for AWS margins. The firm raised its topline view largely for the international beat, plus holiday strength implied by Amazon’s guidance, the analyst tells investors in a post-earnings note. For 2025, BofA raised revenue and GAAP EPS estimates to $707B and $6.13 from the $701B and $5.59 seen previously.
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