Stocks broadly were mixed, with the Dow Jones Industrial Average down as the tech-heavy Nasdaq index jumped 1.24%. Shares of Amazon surged 5.4% to $3,121.78. In a note, Jefferies analyst Brent Thill raised his price target for Amazon shares to $3,800 from $3,100, writing that Amazon and other e-commerce services are poised for elevated growth in June and July, and that "behavioral changes brought about by the pandemic [have] permanently increased online consumption." Read More...
Stocks broadly were mixed, with the Dow Jones Industrial Average down as the tech-heavy Nasdaq index jumped 1.24%. Shares of Amazon surged 5.4% to $3,121.78. In a note, Jefferies analyst Brent Thill raised his price target for Amazon shares to $3,800 from $3,100, writing that Amazon and other e-commerce services are poised for elevated growth in June and July, and that “behavioral changes brought about by the pandemic [have] permanently increased online consumption.”
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