Blackstone Inc., managed by Stephen A. Schwarzman, recently increased its stake in Amazon.Com, Inc. by 96,625 shares. Despite recent stock volatility and concerns over capex spending, analysts remain bullish on Amazon due to AWS growth, AI demand, and strong Q4 results, with price targets around $280-$300. TipRanks’ AI Analyst, Spark, rates AMZN as Neutral, citing strong financials and a positive earnings outlook, but is tempered by weaker near-term free cash flow and a demanding valuation.
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Blackstone Inc. boosts Amazon.com stake with 96,625 shares
Blackstone Inc., managed by Stephen A. Schwarzman, recently increased its stake in Amazon.Com, Inc. by 96,625 shares. Despite recent stock volatility and concerns over capex spending, analysts remain bullish on Amazon due to AWS growth, AI demand, and strong Q4 results, with price targets around $280-$300. TipRanks’ AI Analyst, Spark, rates AMZN as Neutral, citing strong financials and a positive earnings outlook, but is tempered by weaker near-term free cash flow and a demanding valuation.