Amazon Day Symposium gives Evercore 'incremental confidence'

By Yahoo! Finance | Oct 12, 2024 at 08:06 AM EST

Evercore ISI's analysis post-Amazon Day Symposium shows increased confidence in Amazon's growth prospects, particularly in ad revenue, cloud market demand, retail value proposition, and AWS competitiveness against Gen AI trends. They maintain an Outperform rating with a $240 price target for Amazon shares.

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