In a report released today, Brian White from Monness maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $136.00. The company’s shares closed yesterday at $128.80.
According to TipRanks, White is a top 100 analyst with an average return of 20.7% and a 67.48% success rate. White covers the Technology sector, focusing on stocks such as Elastic, Salesforce, and Amazon.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $145.77, representing a 13.18% upside. In a report released on July 21, DBS also maintained a Buy rating on the stock with a $150.00 price target.
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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.
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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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