Amazon's Future Looks Clear as Truist Financial Maintains Buy RatingIn a report released today, Youssef Squali from Truist Financial reiterated a Buy rating on Amazon (AMZN). The company’s shares closed yesterday at $178.15.

Squali covers the Communication Services sector, focusing on stocks such as Meta Platforms, IAC/InteractiveCorp., and Nextdoor Holdings. According to TipRanks, Squali has an average return of 19.3% and a 59.03% success rate on recommended stocks.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $209.59, representing a 17.65% upside. In a report released on March 15, Morgan Stanley also maintained a Buy rating on the stock with a $200.00 price target.

Based on Amazon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $169.96 billion and a net profit of $10.62 billion. In comparison, last year the company earned a revenue of $149.2 billion and had a net profit of $278 million.

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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.