BMO Capital Markets adjusted its outlook on Amazon.com, Inc. (NASDAQ:AMZN) shares, increasing the price target to $265 from the previous $236, while retaining an Outperform rating. This aligns with the broader Wall Street sentiment,

Outside of NVIDIA’s (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO’d in May 1997 at a split-adjusted price of $.07. Today,

BMO Capital raised its target for Amazon (NASDAQ:AMZN) to $265 from $236 in a note Friday, citing a robust outlook for Amazon Web Services (AWS) and continued growth in retail and advertising. The firm reiterated its Outperform rating on the stock.

Amazon’s leadership in AI applications. AWS offers various AI services for customers, including the Amazon Q customizable AI assistant for businesses, Amazon Transcribe speech-t