Monness Crespi analyst Brian White raised the firm’s price target on Amazon.com to $3,500 from $2,800 and keeps a Buy rating on the shares. The stock closed Friday down $61.71 to $2,695.87. The recent expansion of the COVID-19 crisis across a larger swath of the U.S. has “thrown the market a curveball” and will likely not be the last surprise, White tells investors in a research note. The analyst believes Amazon holds the “key capabilities, vast global infrastructure and financial strength” necessary to support the needs of people and organizations around the world. Further, the company is positioned as a major beneficiary of accelerated digital transformation that will likely follow in the aftermath of the pandemic, White contends. Given the “expansion of this crisis and Amazon’s unique position,” the analyst increased the firm’s price target to $3,500.