Stifel Lifts Amazon Target to $300 Citing Ad Strength and Solid Q4 Retail Trends
Stifel raised its price target for Amazon.com to $300 from $295 and kept a Buy rating, pointing to gains in the company’s advertising business, a healthy fourth-quarter e-commerce backdrop and continued strength in AWS. The revised target implies roughly 24% upside from Amazon’s current price of $241.10 and comes ahead of the company’s Q4 results d…