Monness analyst Brian White maintained a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $185.00. The company’s shares closed last Tuesday at $108.68, close to its 52-week low of $101.26.
According to TipRanks.com, White is a 5-star analyst with an average return of 9.7% and a 55.7% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Spotify Technology SA, and Alphabet Class A.
Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $178.56, implying a 65.0% upside from current levels. In a report issued on June 7, D.A. Davidson also maintained a Buy rating on the stock with a $156.25 price target.
The company has a one-year high of $188.65 and a one-year low of $101.26. Currently, Amazon has an average volume of 84.06M.
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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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