Amazon Stock Gets Price-Target Increase On Cloud-Computing Performance

▤ Summary

Amazon ( AMZN ) got a price-target hike from a Wall Street analyst Monday, following a review of the companys position in artificial intelligence and cloud computing. Helfstein said Amazon Web Services — with its artificial-intelligence, or AI, capabilities — will lead to productivity improvements and faster enterprise cloud adoption. The company is an stock that has cleared a flat base within a larger consolidation and is in the 5% buy zone of 1,736.51-1,823.33. Helfstein expects Amazon to use its AI capabilities to disrupt other markets that include finance, health care, insurance and autonomous vehicles. Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.

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