Amazon’s Price Target Raised at Piper Sandler
<p>Piper Sandler increased the price target on <a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon.com (NASDAQ:AMZN)</a> from $175.00 to $185.00, while reiterating an Overweight rating. </p>
<p>The analysts suggest that a reevaluation of comments made during the Q2 earnings call indicates that Amazon may have achieved higher levels of efficiency in Shipping & Fulfillment costs. This is evidenced by improvements in gross margins, and the guidance for incremental Operating Income in Q3/23 is noted as the strongest in the company's history. </p>
<p>The analysts see this as a favorable time to invest in Amazon, given the positive changes in margins and the anticipated upturn in growth for Amazon Web Services (AWS).</p>

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