Top 20 Trending AI News And Analyst Ratings

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3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308    

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. Truist analyst Youssef Squali recently released a research note on the firm, reiterating a Buy rating on the stock and raising the price target to $265 from $230. In the note, the analyst underlined that North America revenue for the tech giant was tracking to consensus estimates, reflecting a resilient consumer, sustained growth in advertising revenue, faster growth at Web Services and higher operating margins year-over-year. Per the analyst, this came even as the company invested aggressively in artificial intelligence, AWS, logistics and Project Kuiper.

The note further highlighted that Amazon.com, Inc. (NASDAQ:AMZN) remained a favorite mega cap at Truist as the company continued to gain share of global e-commerce and improved its value proposition to both merchants and consumers. It was also one of the best ways to play cloud, AI, digital ads and global logistics, contended the advisory, which moved the price target to fiscal 2025 from 2024.

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