May. 29 at 9:11 PM
$AMZN $GOOGL
Truist raises Amazon, Alphabet price targets on cloud growth
Amazon and Alphabet are likely to rally as their cloud businesses grow, outpacing the Street’s expectations, according to Truist.
The bank raised its price target on Amazon to
$320 from
$310 per share, implying 17% upside from Thursday’s close.
Truist also raised its price target on Alphabet to
$430 from
$415, or 10% above the price at which shares close on Thursday. It has a buy rating on both stocks. https://www.cnbc.com/2026/05/28/stock-market-today-live-updates.html?__source=iosappshare%7Ccom.stocktwits.StockTwits.STShareExtension