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.
Fri, Apr 30 20216:46 AM EDT