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Rosenblatt Boosts Amazon Price Target to $360 Amid AI Concerns

Guavy AI Editorial Team
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AMZN
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Rosenblatt, a financial firm, has raised its price target for Amazon stock to $360, citing concerns over AI's impact on commerce.

The current price of Amazon shares is $246.67, and this new target suggests significant upside potential.

Rosenblatt argues that the market is overstating the disruption risk posed by personal agents and AI shopping assistants to Amazon's retail media model.

The firm maintains a Buy rating on Amazon stock and believes it can navigate any changes in consumer behavior unscathed.

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