Amazon.com is best known for its e-commerce and cloud businesses, but Wall Street is increasingly paying attention to another segment: advertising.
According to a Tuesday report from TD Cowen, Amazon’s
AMZN digital-advertising business is poised for a breakout year as it captures a growing portion of total ad spending. Analyst John Blackledge raised his price target to $315 from $300 and maintained his buy rating on the stock.
Amazon’s stock could be supercharged by this growing business
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Amazon.com is best known for its e-commerce and cloud businesses, but Wall Street is increasingly paying attention to another segment: advertising.
According to a Tuesday report from TD Cowen, Amazon’s
AMZN digital-advertising business is poised for a breakout year as it captures a growing portion of total ad spending. Analyst John Blackledge raised his price target to $315 from $300 and maintained his buy rating on the stock.
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