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Top analyst on why he raised his price target on Amazon

Amazon released first-quarter results Thursday afternoon that easily surpassed analyst expectations. Amazon posted earnings per share of $15.79 on revenue of $108.52 billion. Analysts polled by Refinitiv predicted earnings per share of $9.54 on revenue of $104.47 billion. Mark Mahaney, senior managing director and head of internet research at Evercore ISI, joined "Squawk Box" on Friday to discuss why he raised his price target on the stock.
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Fri, Apr 30 20216:46 AM EDT