Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Amazon.com to $217 from $211 and keeps an Overweight rating on the shares. The firm is also adding the stock to its Q2 Tactical Ideas List ahead of the next round of positive revisions. Further, Wells is raising Q2 OI estimate by about $750M to $14.5B, 15% above the Street, driven by new FBA fee structure.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Cracks Are Beginning to Appear in the Magnificent Seven Club
- U.S. Tech Giants Eye AI Hardware Shift to Mexico
- Amazon Stock (NASDAQ:AMZN): Analysts See More Upside on Multiple Tailwinds
- Palantir or Amazon: Top Analyst Brian White Chooses the Superior Tech Stock to Buy
- Estee Lauder (NYSE:EL): Analyst Upgrade Pulled Stock Higher
