Yahoo Finance

Tigress Financial raised the firm’s price target on Amazon.com (AMZN) to $305 from $290 and keeps a Buy rating on the shares following the Q1 report. The firm believes Amazon remains well positioned to weather any economic and consumer spending environment given its “robust” e-commerce and fulfillment capabilities. The company continues to lean into artificial intelligence integration and innovation to drive revenue, cash flow growth and increasing shareholder value, the analyst tells investors in a research note.

Protect Your Portfolio Against Market Uncertainty

• Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.

• Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on AMZN:

Disclaimer & DisclosureReport an Issue

• Amazon Walks a Thin Line With New Pay Changes

• Amazon put buyer realizes 17% same-day gains

• Needham analysts hold an analyst/industry conference call

• AAPL, AMZN, or META: Which Tech Giant’s Stock Is the Most Attractive Pick After Recent Results

• Amazon.com price target raised to $220 from $215 at Baird