Market News / Story
Amazon Stocks Jump 0.8% as AI Ads Agent Chases Higher Returns
GuruFocus ·
GuruFocus reports: Amazon, the commerce, advertising and cloud-computing company , rose approximately 0.8% at 10.20am to $253.41 as of October 6, while its AI advertising push kept Cantor Fitzgerald bullish. According to Investing.com's report, the firm maintained its Overweight rating and $320 target after Amazon's latest product launches. That leaves roughly 26.3% upside to the target. The valuation snapshot puts shares just 1.26% above GF Value of $250.26, suggesting a price close to…