Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Amazon (AMZN) and set a price target of $165.00. The company’s shares closed last Friday at $134.68.
According to TipRanks, Sheridan is a 5-star analyst with an average return of 14.3% and a 61.64% success rate. Sheridan covers the Technology sector, focusing on stocks such as Alphabet Class A, Amazon, and Meta Platforms.
The word on The Street in general suggests a Strong Buy analyst consensus rating for Amazon with a $144.24 average price target, representing a 7.10% upside. In a report released on July 14, Bank of America Securities also maintained a Buy rating on the stock with a $154.00 price target.
Based on Amazon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $127.36 billion and a net profit of $3.17 billion. In comparison, last year the company earned a revenue of $116.44 billion and had a GAAP net loss of $3.84 billion.
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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