In a recent report, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $140.00. The company’s shares closed at $130.80 yesterday.
Jones CFA specializes in the Technology sector and focuses on stocks such as Amazon, Sonder Holdings, and Ebay. According to TipRanks, Jones CFA has an average return of 24.2% and a 54.69% success rate on recommended stocks.
The analyst consensus on Amazon is currently a Strong Buy, with an average price target of $141.23, indicating a potential upside of 7.97%. Telsey Advisory also released a report yesterday, maintaining a Buy rating on the stock with a $145.00 price target.
Amazon recently reported its earnings for the quarter ending March 31, revealing a quarterly revenue of $127.36 billion and a net profit of $3.17 billion. In comparison, the company earned a revenue of $116.44 billion and had a GAAP net loss of $3.84 billion last year.
Amazon.com, Inc. is known for its online retail shopping services and also generates revenue from cloud computing services through its 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 global sales of compute, storage, database, and other service offerings. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.
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