Jul 17, 11:35 AM

Goldman Sachs and Needham Raise Amazon Price Targets to $250 and $210, Highlighting $46B Twitch Value

Goldman Sachs has raised Amazon's price target to $250, citing margin upside and an above-Street 2025 GAAP Operating Income estimate. Additionally, Needham has increased its price target on Amazon to $210 from $205, highlighting Twitch as a $46 billion hidden gem. Analysts believe Amazon's services, expanding margins, and potential from GenAI contribute to its strong investment thesis. The preview of Amazon's upcoming Q2'24 operating results also supports this positive outlook.

#Goldman Sachs #Amazon #GAAP Operating Income #Needham #Twitch #GenAI

Written with ChatGPT (GPT-4o).

Sources

The Inner Circle Trading Group DP David Prince@epictrades1
2 years ago
$AMZN Amazon Has a $46 Billion ‘Hidden Gem’ to Boost Revenue https://t.co/hFk7GPDgOG
Markets Today@marketsday
2 years ago
$AMZN Needham Raises PT on Amazon to $210 from $205, Highlights Twitch as $46B Hidden Gem
Stock Talk@stocktalkweekly
2 years ago
AMAZON $AMZN price-target raised to $210 at Needham, citing that Twitch itself is worth $46 billion: "Our AMZN investment thesis is that: A) It is a Services company with rapidly expanding margins, and a warrant upside on GenAI B) AMZN's track record of building large…

Goldman Sachs and Needham Raise Amazon Price Targets to $250 and $210, Highlighting $46B Twitch Value

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