Amazon.com shares are trading higher after Argus Research maintained a Buy rating on the stock and raised its price target from $185 to $205.
Portfolio Pulse from Benzinga Newsdesk
Amazon.com's stock price increased following Argus Research's decision to maintain a Buy rating and raise its price target from $185 to $205.
May 02, 2024 | 6:24 pm
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POSITIVE IMPACT
Amazon.com's shares rose after Argus Research reaffirmed a Buy rating and increased the price target to $205.
The positive outlook from Argus Research, evidenced by the raised price target, signals strong confidence in Amazon's future performance. This endorsement likely contributes to investor optimism, driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100