JMP Securities Remains a Buy on Amazon (AMZN)

JMP Securities analyst Nicholas Jones CFA maintained a Buy rating on Amazon (AMZNResearch Report) today and set a price target of $180.00. The company’s shares opened today at $113.30.

According to TipRanks, Jones CFA is a 4-star analyst with an average return of 11.8% and a 44.80% success rate. Jones CFA covers the Technology sector, focusing on stocks such as CarGurus, Offerpad Solutions, and PropertyGuru Group.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $177.05, implying a 56.27% upside from current levels. In a report released on September 19, Bank of America Securities also reiterated a Buy rating on the stock with a $170.00 price target.

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The company has a one-year high of $188.11 and a one-year low of $101.26. Currently, Amazon has an average volume of 59.1M.

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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