What's Going On With Amazon Stock Today?
Portfolio Pulse from Adam Eckert
Amazon shares are trading higher after BofA Securities raised its price target on the stock from $139 to $154, citing margin expansion ahead. Analyst Justin Post believes margins will improve this year and in 2024 due to efficiency in fulfillment warehouses, logistics facility optimization, and growth in advertising.
June 12, 2023 | 2:58 pm
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Amazon's stock price is trading higher after BofA Securities raised its price target from $139 to $154, citing margin expansion from warehouse efficiency, logistics optimization, and advertising growth.
The raised price target by BofA Securities is a positive signal for Amazon's stock price. The analyst's belief in margin expansion due to efficiency improvements in fulfillment warehouses, logistics facility optimization, and growth in advertising is expected to drive the stock price higher in the short term.
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IMPORTANCE 80
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