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Amazon shares rise 1.13% premarket after JP Morgan and UBS reaffirm Buy ratings and expansion of same-day grocery delivery.
ByAinvest
Thursday, Aug 14, 2025 9:20 am ET1min read
Amazon.Com, Inc. rose 1.13% in premarket trading, with the company announcing a major grocery expansion, offering same-day delivery of fresh groceries in over 1,000 cities and towns, with plans to expand to over 2,300 areas by the end of 2025. This expansion complements Amazon's existing grocery offerings through Whole Foods Market and Amazon Fresh. Additionally, JP Morgan and UBS both reaffirmed their Buy ratings for the stock, with target prices of USD 265 and USD 271, respectively.
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