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Amazon (AMZN) Stock Forecast Rises Ahead of Q2 Earnings Report
Amazon (AMZN) Stock Forecast Rises Ahead of Q2 Earnings Report
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BTCCSquare news:
Wall Street analysts are revising their forecasts for Amazon (AMZN) ahead of its Q2 earnings report scheduled for July 31. Baird analyst Colin Sebastian raised his price target from $220 to $244, implying a 6.41% upside from current levels. The bullish sentiment stems from Amazon Web Services (AWS), which has emerged as a key revenue driver, outperforming the company's traditional e-commerce segment.
Amazon's strategic investments in AI have further bolstered its appeal among institutional investors. Despite a modest 3.7% year-to-date gain, AMZN remains a cornerstone equity in U.S. markets. The company projects Q2 2025 net sales between $159 billion and $164 billion, setting the stage for a pivotal earnings announcement.
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