D.A. Davidson analyst Tom Forte has reaffirmed his Buy rating on Amazon (AMZN) and set a price target of $150.00. The company’s shares closed at $139.57 last Friday.
According to TipRanks, Forte is a highly regarded 5-star analyst with an average return of 16.3% and a success rate of 54.25%. He specializes in the Technology sector, focusing on stocks such as Roku, Apple, and Sonos.
In addition to D.A. Davidson, Amazon also received a Buy rating from Monness’s Brian White in a report issued on August 4. However, on the same day, Exane BNP Paribas upgraded Amazon (NASDAQ: AMZN) to a Hold.
Amazon has a one-year high of $146.57 and a one-year low of $81.43. Currently, the company has an average volume of 60.59M.
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Amazon.com, Inc. is a leading provider of online retail shopping services and also generates revenue from cloud computing services. The company 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, such as Amazon Prime membership fees. AWS generates revenue from 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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