Amazon.com Inc. shares rose by 2.84% recently, with a one-month improvement of 6.68% and a slight year-to-date increase of 0.11%. Jeff Bezos sold over 3.3 million shares for nearly $737 million. JPMorgan raised Amazon's price target to $240 from $225 following solid Q1 earnings. The stock experienced a 50.33% gain from its one-year low but has since faced a 9% drop from its peak. The company's AI model, Nova, and other emerging sectors are expected to drive substantial operating income growth.
Shares of Amazon.com Inc. gained 2.84% in the last five trading sessions, with a one-month gain of 6.68%. Year-to-date, the stock is up 0.11%.
JPMorgan analyst Doug Anmuth raised the price target on Amazon to $240 from $225, maintaining an overweight rating after better-than-expected Q1 earnings.
Emerging business segments, including Amazon's AI model Nova, are expected to contribute to surpassing $100 billion in operating income within the next two years.
Amazon's stock has increased more than 10,069% since January 2005, reflecting its long-term growth trajectory despite recent fluctuations.
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