Analyst sets AMZN stock price target after unveiling ‘Amazon Nova'

The unveiling of the Amazon (NASDAQ: AMZN) Nova line of foundation models has sparked a vote of confidence in the company by Wall Street analysts.Specifically, the product line under Amazon Web Services has prompted Susquehanna analyst Shyam Patil to reiterate a positive rating on AMZN stock, setting a price target of $230.In a note on December 4, the analyst noted that one of Nova’s most significant advantages is its cost-effectiveness compared to leading models on AWS’s Bedrock platform. Patil stated that ...