Piper Sandler Ups Amazon (AMZN) Target, Cites AWS Strength and Robotics Gains

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best forever stocks to invest in. On July 11, Piper Sandler maintained its Overweight rating on Amazon.com, Inc. (NASDAQ:AMZN) and raised its price target from $212 to $250. Regarding the higher price target, the firm also boosted its AWS expectations based on stronger CIO survey data.

Additionally, Piper Sandler raised its out-year gross margin forecasts for Amazon.com, Inc. (NASDAQ:AMZN) in light of what it believes to be further benefits from robotics and a change in services mix. The firm observed that Amazon’s Prime Day shopping event has grown to be roughly twice as long as in the past, which it sees as an advantage for the company.

Amazon.com, Inc. (NASDAQ:AMZN), is an American multinational technology company that offers a wide range of commercial interests that include digital streaming, online advertising, e-commerce, cloud computing through Amazon Web Services (AWS), and artificial intelligence.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.