D.A. Davidson analyst Tom Forte recently expressed his optimism for Amazon, reiterating a Buy rating on the company’s stock. Forte has set a price target of $150.00 for Amazon, whose 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 covering the Technology sector, focusing on stocks such as Roku, Apple, and Sonos.
In addition to D.A. Davidson’s positive outlook, Monness analyst Brian White also gave Amazon a Buy rating in a report released on August 4. However, on the same day, Exane BNP Paribas upgraded Amazon to a Hold.
Amazon has experienced 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 generates revenue from its cloud computing services known as Amazon Web Services (AWS). The company operates through three business segments: North America, International, and AWS. The North America and International segments encompass retail sales of consumer products and subscriptions, including 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, Amazon.com is headquartered in Seattle, WA.
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