7/26, 10:32 AM (Source: TeleTrader)
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Credit Suisse raises Amazon target price

Credit Suisse increased, Inc.'s target price to $4,850 on Monday.

Earlier, the bank's price forecast for the tech giant was $4,000.

Last week, Amazon confirmed it is getting ready to eventually accept payments in cryptocurrencies but failed to provide details on when that could be expected. The company's stock last traded at $3,656.64.

Breaking the News / NP