Jefferies analyst Alexander Thiel maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $125.00. The company’s shares closed yesterday at $105.15.
According to TipRanks, Thiel is an analyst with an average return of -9.6% and a 31.08% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $131.39 average price target, implying a 24.95% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $130.00 price target.
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AMZN market cap is currently $1052.1B and has a P/E ratio of 96.56.
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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.
Read More on AMZN:
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- Judge rules Amazon supervisors broke law in anti-union efforts, NYTimes reports
- Amazon’s layoffs hit robotics, grocery, health, AWS units, CNBC reports
- Jefferies retail analyst to hold an analyst/industry conference call
- Amazon Reports Q4 Today — Here’s What to Expect