US EditionAnalyst sets date when Amazon stock will hit $248
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Analyst sets date when Amazon stock will hit $248
Bank of America (BofA) has adjusted the Amazon (NASDAQ: AMZN) target price from $230 to $248, maintaining a Buy ranking for the next 12 months. The price adjustment comes as the growing momentum in robotics and artificial intelligence (AI) is expected to push the company’s operations even further after having ensured a 10.08% revenue increase over the past year. Justin Post, a Wall Street analyst at BofA, noted that Amazon now deploys over 750,0…
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