RBC Capital analyst Brad Erickson has maintained a Buy rating on Amazon (AMZN) and set a price target of $135.00. The company’s shares closed at $128.21. According to TipRanks, Erickson is a 5-star analyst with an average return of 20.1% and a 53.47% success rate. He covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Expedia.
The general consensus rating for Amazon is a Strong Buy, with an average price target of $153.77, indicating a 19.94% upside from current levels. Credit Suisse also maintained a Buy rating on the stock with a $176.00 price target.
Amazon.com, Inc. provides online retail shopping services and 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 global sales of compute, storage, database, and other service offerings. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.
The company has a one-year high of $146.57 and a one-year low of $81.43. Currently, Amazon has an average volume of 58.53M.
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