Truist analyst Youssef Squali raised the firm’s price target on Amazon.com to $265 from $230 and keeps a Buy rating on the shares. The firm believes Amazon’s North America revenue is tracking to consensus estimates, reflecting a resilient consumer, sustained growth in advertising revenue, faster growth at Web Services and higher operating margins year-over-year. This comes even as the company invests aggressively in artificial intelligence, AWS, logistics and Project Kuiper, the analyst tells investors in a research note. Truist says Amazon remains its favorite mega cap as the company continues to gain share of global e-commerce and improve its value proposition to both merchants and consumers. It is also one of the best ways to play cloud, AI, digital ads and global logistics, contends the firm, which moved the price target to fiscal 2025 from 2024.