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Amazon (AMZN) Received its Third Buy in a Row

After Goldman Sachs and Evercore ISI gave Amazon (NASDAQ: AMZN) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Robert Coolbrith maintained a Buy rating on Amazon today and set a price target of $200.00. The company’s shares closed last Thursday at $122.28.

Coolbrith has an average return of 3.5% when recommending Amazon.

According to TipRanks.com, Coolbrith is ranked #2986 out of 7984 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $172.19 average price target, a 41.6% upside from current levels. In a report issued on July 26, Itau Unibanco also initiated coverage with a Buy rating on the stock with a $146.00 price target.

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Amazon’s market cap is currently $1244.1B and has a P/E ratio of 58.98.

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Amazon.com, Inc. provides online retail shopping services and also generates revenue from cloud computing services. It operates through three business segments: North America, International, and Amazon Web Services (AWS). The North America and International segments include retail sales of consumer products and subscriptions (like Amazon Prime membership fees). AWS generates revenue from the global sales of compute, storage, database, and other service offerings. Founded by Jeffrey P. Bezos in July 1994, the company is headquartered in Seattle, WA.

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