Amazon AWS to Grow 20%? Why It Has AMZN Targeting $230
With the current technology sector still betting on the ongoing AI and cloud-based computing boom, Amazon AWS projected growth of 20% has AMZN targeting a stock price of $230. Indeed, the Amazon Web Services branch of the company is looking to push the e-commerce juggernaut to new heights. Amid the ongoing earnings season, investors are looking for insight into how various companies are closing out the 2024 year. For Amazon, this could be monumental for its 2025 plans. A boost to its most important business from an investment perspective could have its stock price set to skyrocket. Source: Reuters Also Read: Amazon Stock : 96% of Analysts Give AMZN Buy Rating Amazon Gets 20% Growth Projection as Stock Price Target Gets a Boost Throughout the last year, Wall Street has seen the information technology boom as a sector. Microsoft (MSFT), Nvidia (NVDA), and Apple (APPL) have been thriving. With the AI boom taking hold, companies are searching for new ways to compete with the growing demand...