"JPMorgan's Top Analyst Reveals 3 Favorite Picks for 2024, Including Amazon Stock"
Amazon stock reached a new 52-week high on the back of a bullish analyst note and a rise in tech stocks. Roth MKM raised its price target for Amazon and maintained its buy rating, citing expectations of accelerating revenue and expanding operating margins. The stock has been performing well since its strong Q3 earnings report and is expected to benefit from an improving macroeconomic environment. Despite a high price-to-earnings ratio, Amazon's profitable core businesses and cost-control efforts make it an attractive investment option.