Bank of America resets Amazon stock forecast
Market Intelligence Analysis
AI-PoweredBank of America has raised its Amazon stock forecast, driven by the company's strong start to the year, with Amazon outperforming the S&P 500 index over the past five days.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Amazon (AMZN) has gained about 6% over the past five days, at the time of writing, Thursday afternoon, Jan. 8. Meanwhile, SPY is up less than half a percent in the same period. Starting the year by beating the S&P 500 might be a good omen for Amazon. The company concluded the last year with ...
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