Morgan Stanley raises Amazon’s (AMZN) price target to $185 from $175 and keeps its overweight rating. Jenny Horne discusses this, as well as Amazon’s Twitch layoffs. Twitch is set to reduce its headcount by more than 500 employees. Twitch CEO Dan Clancy noted that “Our organization is still meaningfully larger than it needs to be.” Horne also highlights that according to the New York Times, Google is laying off hundreds of engineers. Tune in to find out more about the stock market today.
Trading 360
11 Jan 2024
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