UBS has increased its price target for Amazon to $264 and maintained a "Buy" rating. The online retailer's recent reduction in office-level employees is expected to improve margin prospects and support financial estimates for 2025.
The revised target reflects expectations until the end of 2026. Amazon's stock is currently trading at $232.93, up 2.40% from the previous day. The stock has experienced fluctuations, reaching a high of $232.98 and a low of $144.05 in the past year. Trading activity is strong on various exchanges, including NYSE and Nasdaq, indicating significant investor interest following UBS's updated outlook.
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