In a report released yesterday, Laura Martin from Needham maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $160.00. The company’s shares closed yesterday at $125.98.
According to TipRanks, Martin is an analyst with an average return of -5.3% and a 39.60% success rate. Martin covers the Technology sector, focusing on stocks such as Apple, Alphabet Class A, and Amazon.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $175.90, which is a 39.63% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $175.00 price target.
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Based on Amazon’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $75.35 billion and a net profit of $6.75 billion. In comparison, last year the company earned a revenue of $64.66 billion and had a GAAP net loss of $2.03 billion.
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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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