E-commerce giant Amazon’s (AMZN) mixed results for the second quarter did not deter investors from scooping up its shares. Despite facing setbacks due to inflation in Q2, Amazon seems to have strong and unavoidable upsides. Following the result, Amazon enjoyed a slew of Buy ratings from Wall Street, leading to a Strong Buy consensus rating based on 39 Buys and one Hold. Among the Amazon bulls is Deutsche Bank analyst Lee Horowitz, who reiterated a Buy on AMZN and raised the price target to $175 from $155. Operating Metrics Hold Promise Horowitz was keenly interested in the operating income (OI) situation of the company.
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Amazon com (NASDAQ:AMZN)
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