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Alexa, What’s Wall Street Saying About Amazon’s Earnings Beat?

  • Shares up 4 percent pre-market amid cloud, advertising boost
  • Goldman Sachs, others raise price targets for the stock
Bloomberg business news
Breaking Down Amazon's Second-Quarter Earnings Inc.’s record second-quarter profit drew a flurry of price target boosts on Wall Street. Analysts say strength in the cloud and advertising business, as well as operational improvements, have positioned the company for long-term growth. The shares rose 4 percent in pre-market trading in New York and are on track to open at a record high.

Here’s a roundup of what analysts are saying about the results: