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Evercore Sees Agentic AI Boosting Amazon Retail Growth

Guavy AI Editorial Team
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AMZN
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A report by Evercore ISI suggests that Amazon's (AMZN) retail growth could be supercharged by agentic AI, driving consumers to its online platform and boosting sales.

The firm raised its price target for AMZN stock to $355 from $315, implying a potential upside of around 38.5% from the last close.

Survey data cited by Evercore shows that AI-powered shopping could drive product discovery and increase consumer purchases, with 57% of Alexa AI users reportedly buying a product they were previously unaware of.

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