J.P. Morgan analyst Doug Anmuth maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $142.00. The company’s shares closed yesterday at $102.18.
Anmuth covers the Technology sector, focusing on stocks such as Netflix, Meta Platforms, and Spotify Technology SA. According to TipRanks, Anmuth has an average return of 15.3% and a 57.78% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $135.36 average price target, which is a 32.47% upside from current levels. In a report released yesterday, Jefferies also assigned a Buy rating to the stock with a $135.00 price target.
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AMZN market cap is currently $1059.5B and has a P/E ratio of -375.80.
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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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