Analyst who forecast Amazon’s stock drop last month has a new price target
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The Street
The Street
By Todd Campbell Amazon is an e-commerce Goliath, but that’s not why it was one of the year’s top performers. The company’s stock price has benefited from growing interest in developing artificial intelligence applications because much of the training and operating of these apps is being done in its Amazon Web Services (AWS) cloud network. As a result, Amazon’s shares rallied 72% higher year-to-date through mid-September. The company’s stellar performance likely meant many were caught off guard when Amazon’s stock dropped 18% from mid-September to its low on Oct. 27. Real Money Pro analyst Bru…