List of Flash News about AMZN trading analysis
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2025-06-02 11:54 |
Amazon Stock Price Target Raised to $248 by Bank of America on AI and Robotics Growth: Trading Insights for Crypto Investors
According to Stock Talk (@stocktalkweekly), Bank of America has raised Amazon's (AMZN) price target to $248 from $230, reiterating its 'Buy' rating. Analyst Justin Post highlights that Amazon now deploys 750,000 robots, handling 75% of customer orders, a significant increase since acquiring Kiva in 2012 (source: Stock Talk on Twitter, June 2, 2025). This robust integration of automation and artificial intelligence is expected to drive operational efficiency and profit margins for Amazon. For crypto traders, Amazon’s advanced use of robotics and AI signals ongoing institutional adoption of automation technologies, which often correlate with increased interest and investment in blockchain and AI-related crypto assets. |