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24/7 Wall St. analysts set a price target of $340.96 for Amazon, implying a 33% upside.
Analysts point out that Amazon's AWS business growth accelerated to 37%, advertising business grew by 26%, and this week it announced a partnership with NVIDIA to deliver 2 million additional GPUs for agent AI, making its valuation more attractive relative to peers. Amazon's Q2 revenue reached $200.61 billion, a year-over-year increase of 19.62%, with operating income of $27.46 billion, a year-over-year increase of 43.24%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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