Amazon.com Inc. shares increased by 0.01%, leading to a 1.42% year-to-date growth and a 12.07% rise over the past year. Truist raised its price target to $250, anticipating strong Q2 performance due to a stable North American consumer and favorable foreign exchange rates. Amazon recently deployed its 1 millionth robot and its twelfth generation fulfillment center, focusing on efficiency improvements. Amazon Ads reported $13.9 billion in revenue, a 19% year-over-year increase, and AWS achieved a 17% growth with annualized revenue reaching $117 billion. Concerns remain regarding sustainable growth.
Amazon shares saw a slight increase of 0.01% recently, leading to a year-to-date rise of 1.42%. Over the past year, shares increased by 12.07%.
Truist raised Amazon's price target to $250 from $226, expecting favorable Q2 results driven by a resilient North American consumer.
Amazon has deployed its first twelfth generation automated fulfillment center and its 1 millionth robot, focusing on delivery station efficiencies.
Amazon Ads generated $13.9 billion in revenue, marking a 19% increase year-over-year, while AWS showed a 17% growth with an annual revenue rate of $117 billion.
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