HSBC analyst raises Amazon stock price citing AI growth potential and strong profitability
Portfolio Pulse from
HSBC analyst Christopher Johnen has raised Amazon's stock price target from $225 to $270, maintaining a 'Buy' rating, due to AI growth potential and strong profitability.
January 14, 2025 | 11:45 am
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HSBC analyst Christopher Johnen has increased Amazon's price target from $225 to $270, maintaining a 'Buy' rating. This reflects confidence in Amazon's AI growth potential and strong profitability.
The increase in Amazon's price target by HSBC is a positive signal for investors, indicating expected growth in AI and profitability. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100