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UBS has maintained its 'Buy' rating for Amazon.com Inc. (AMZN), raising its price target to $304, while Truist also increased its target to $285 citing expected growth in AWS services. Similarly, KeyBanc raised its price target for IAC Inc. (IAC) to $51 while maintaining a 'Buy' recommendation. However, Amazon is now facing a lawsuit from the California Attorney General alleging anticompetitive conduct regarding seller pricing. Despite these legal challenges, analysts believe Amazon's service-led revenue model provides a solid foundation for sustainable expansion. Furthermore, KeyBanc's revision for IAC suggests an improving valuation outlook for the group's diverse portfolio. Overall, these updates reflect a mix of strong institutional confidence and emerging regulatory headwinds.
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