One Truist analyst believes there is 42% upside in Amazon's stock at today's prices.On Monday, Truist analyst Youssef Squali reiterated his buy rating on tech juggernaut Amazon (AMZN -0.20%), raising his price target from $230 to $265. That target implies 43% price appreciation over the next 12 months.Based on Truist card data tied to Amazon's U.S. revenue, Squali thinks the company is on track to meet or exceed sales guidance for the third quarter. With analysts expecting 10% revenue growth in the upcoming ...

Digital advertising’s heavy hitters are entering the fourth quarter with positive momentum, according to Wedbush Securities’ analyst Dan Ives. In Wedbush Securities’ latest survey of over 200 U.S.-based marketers, advertisers expressed bullish sentiments for Meta Platforms Inc META, The Trade Desk Inc TTD, and Amazon.com Inc AMZN as the sector prepares for 2025 and beyond.Meta: Bucking The Slowdown Trend?Meta is getting encouraging marks from advertisers, with only a slight deceleration in growth reported b ...

These two tech stocks should continue to push higher in October.As autumn leaves begin to fall, some investors might be tempted to sell stocks, spooked by the so-called "October effect." This phenomenon, rooted in historical market crashes like Black Monday in 1987, has led to a widespread belief that October spells doom for stock portfolios. However, savvy investors know that reality often contradicts this myth, especially when it comes to growth stocks.In fact, October has historically been a strong month ...

Amazon (AMZN) has experienced a 44% rally in its share price in the past year, outperforming the industry’s rise of 39.8% and the S&P 500 index’s return of 33.7%.The company has been riding on solid momentum in its cloud computing arm — Amazon Web Services, which is being driven by strength in Artificial Intelligence (AI). It is continuously making strides in the Generative AI (GenAI) technology, which has now become mainstream in the cloud industry. Amazon has been at the forefront of the AI revolution, in ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Investors are about 10 days from the start of the third quarter earnings season. This can be volatile for stocks as companies provide their financial data for the prior quarter and offer guidance for future quarters.  In this way, earnings reports can be both a leading and a lagging indicator. They’re a lagging indicator because the financial results have already occurred. However, they can predict future growth, making them a leading indicator. This is particularly important because earnings growth is the ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Seattle's Office of Labor Standards is investigating Amazon Logistics—the company's vast network of delivery services—for alleged violations of labor laws, including the city's ordinance requiring paid sick time for gig workers that went into effect this year. The investigation appears focuse ...

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This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Former NBC News star Brian Williams is finalizing a deal to anchor live coverage of the presidential election results for Amazon's Prime Video, in the streamer's first attempt at live news coverage, according to two people familiar with the plan. Williams, 65, has been off of television since leaving ...

Laffont has been showing shares of Nvidia to the door in favor of a top-tier company that's the undisputed market leader in two separate industries.On Wall Street, important data releases are a common occurrence. Monthly inflation and jobs reports, coupled with Wall Street's leading businesses reporting their quarterly operating results over a six-week stretch every quarter, can make it easy for a key data release to slip under the radar.Aug. 14 marked what can arguably be described as the most important da ...