Amazon (AMZN) Receives a Rating Update from a Top Analyst

Monness analyst Brian White maintained a Buy rating on Amazon (AMZNResearch Report) today and set a price target of $136.00. The company’s shares opened today at $105.26.

According to TipRanks, White is a top 100 analyst with an average return of 18.0% and a 64.08% success rate. White covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Salesforce.

In addition to Monness, Amazon also received a Buy from D.A. Davidson’s Tom Forte in a report issued today. However, on the same day, Rosenblatt Securities maintained a Hold rating on Amazon (NASDAQ: AMZN).

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Based on Amazon’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $127.1 billion and a net profit of $2.87 billion. In comparison, last year the company earned a revenue of $110.81 billion and had a net profit of $3.16 billion

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities., 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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