Key Takeaways Wolfe Research analysts initiated coverage of Amazon's stock with an "outperform" rating and a price target that calls for a roughly 30% rise. The analysts said they're watching for margin expansion, Amazon Web Services growth, artificial intelligence initiatives, and spending updates, and highlighted Amazon's leading position in retail, digital advertising, and cloud computing. Amazon's shares have already risen more than 25% this year.
Bridget Bennett is a reporter with a focus on local news in Sioux Falls, South Dakota. She has written for various publications, including The Buffalo News, KELOLAND Media Group, and Investopedia. Bridget's articles cover a range of topics, from breaking news and financial updates to community events and business developments.