In a report released yesterday, Youssef Squali from Truist Financial maintained a Buy rating on Amazon (AMZN), with a price target of $195.00. The company’s shares closed yesterday at $170.31.
Squali covers the Communication Services sector, focusing on stocks such as Angi, Meta Platforms, and Cimpress. According to TipRanks, Squali has an average return of 17.5% and a 57.98% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $208.58, implying a 22.47% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $204.00 price target.
The company has a one-year high of $172.50 and a one-year low of $88.12. Currently, Amazon has an average volume of 48.32M.
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Amazon (AMZN) Company Description:
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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