On Tuesday, Baird analyst Colin Sebastian raised his price target on shares of Amazon to $3,300 (from $2,750), following updated e-commerce checks through June, as well as positive Amazon-specific data. Sebastian raised his estimates for Amazon’s core online retail, advertising and AWS sectors, and continues to expect the e-commerce giant to surpass $500 billion in online retail GMV in 2021 based on strong online spending trends. Read More...
On Tuesday, Baird analyst Colin Sebastian raised his price target on shares of Amazon to $3,300 (from $2,750), following updated e-commerce checks through June, as well as positive Amazon-specific data. Sebastian raised his estimates for Amazon’s core online retail, advertising and AWS sectors, and continues to expect the e-commerce giant to surpass $500 billion in online retail GMV in 2021 based on strong online spending trends.
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