AMZN Stock Price and Chart — CAPITALCOM:AMZN

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TD Cowen has adjusted its price target for Amazon.com (AMZN) from $265 to $240 while maintaining a 'Buy' rating.

Amazon is reportedly interested in acquiring TikTok's U.S. business and assets outside of China, joining other bidders as the deadline for a sale approaches amid regulatory scrutiny.

On Thursday, retail investors purchased $4.7 billion in stocks, the highest level of buying in a decade, with Amazon being one of the notable names included in this buying spree.

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About Amazon.com

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as amazon.com and amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.