Wells Fargo Raises Amazon Price Target to $338.00

A recent analyst rating update from Wells Fargo has Amazon.com Inc (AMZN) holding steady as an Overweight stock, but with a higher price target of $338.00.

This represents a 3.05% increase in the expected target price and suggests that analysts expect the stock to outperform the market.

Amazon's growth potential is seen as particularly strong in its core retail and cloud services segments, driving Wells Fargo's positive outlook.