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UBS Raises Amazon (AMZN) Price Target to $279 Ahead of Thursday’s Earnings

Amazon.com, Inc. (NASDAQ:AMZN) is a Must-Watch AI Stock on Wall Street. On October 28, UBS reiterated the stock as “Buy” and raised its price target to 279.00from279.00 from 271.00 on the stock ahead of earnings on Thursday. The firm believes that Amazon is poised for another strong quarter. "We raise our price target to 279from279 from 271 as we roll forward our valuation parameters by one quarter." According to the firm, there may be "some noise" in Amazon’s reported third-quarter operating income, and its headlin ...