Scotiabank (TSX:BNS) analyst Nat Schindler updated the price target for Amazon.com (NASDAQ:AMZN) to $306.00, a significant increase from the previous $246.00. Currently trading at $235.42, Amazon has demonstrated remarkable strength with a 50% return over the past year.
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts.
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Major U.S. companies, including Target, Meta, and Amazon, are scaling back DEI initiatives, citing the 2023 Supreme Court affirmative action ruling and pressure from conservative activists targeting diversity programs.