BofA keeps AMZN as a Buy with a $310 price target. Strong June retail data and the AWS price increase is expected to boost second-half growth.
In a note released Monday, the firm sees the combination of stronger June retail data and a 20% price increase on select AWS GPU workloads as setting up a cleaner second-half growth story for the stock.
AMZN stock is moving. See the chart and price action here.
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