Amazon (NASDAQ: AMZN) doesn't report first-quarter results until April 30, but analysts are already adjusting their price targets in anticipation. Recently, Citi analyst Ronald Josey raised his bank's target on the e-commerce and cloud computing giant to $235 per share from $215 per share and maintained a buy rating on the stock.

Josey is projecting a 10% operating margin in 2025 in response to recent success with Amazon's retail and advertising businesses. The new price target implies a gain of about 37% from recent prices over the next 12 months.

Josey thinks Amazon's North American retail business could be much more profitable than we currently imagine. Remember, Amazon over-invested at the onset of the pandemic, which led to an operating loss in the fourth quarter of 2022.

Continue reading

Source Fool.com