Wedbush lifts PT on Amazon.com (AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Most Promising AI Stocks to Buy Right Now. On October 24, Wedbush analyst Scott Devitt lifted the price target on the company’s stock from $250 to $280, while maintaining a “Buy” rating on Amazon.com, Inc. (NASDAQ:AMZN)’s stock ahead of its Q3 earnings report. As per the analyst, the company’s long-term growth story is intact, thanks to a robust cloud backlog and significant investments in new data centers. Furthermore, the analyst highlighted the steady momentu ...