Markets

Goldman Sachs says Amazon’s stock will surge 20% from current levels, making it the new biggest bull on Wall Street

In a note published Thursday morning, Goldman Sachs raised its Amazon price target to a street high $US2,900, implying 20% upside from current levels. Goldman sees the e-commerce giant reporting first quarter earnings “well above consensus expectations on revenue and profitability, while guiding 2Q above consensus on both metrics.” Goldman […]
Goldman Sachs says Amazon’s stock will surge 20% from current levels, making it the new biggest bull on Wall Street
Markets

Amazon’s cloud service is going to get a big boost from AI, analyst says

Amazon‘s artificial-intelligence capabilities will drive increased AWS cloud sales, says Oppenheimer analyst Jason Helfstein. AI will drive increased margins through higher-end products and also lock-in enterprise customers according to the research note. Watch Amazon trade live. Amazon Web Services’ cloud business will get a big boost from the firm’s growing […]
Amazon’s cloud service is going to get a big boost from AI, analyst says