Bank of America Securities analyst Justin Post has maintained a Buy rating on Amazon (AMZN – Research Report) and set a price target of $154.00. The company’s shares closed last Friday at $129.78.
Post, who covers the Technology sector, focuses on stocks such as Amazon, Meta Platforms, and Alphabet Class A. According to TipRanks, Post has an average return of 20.5% and a 66.09% success rate on recommended stocks.
The analyst consensus on Amazon is currently a Strong Buy with an average price target of $141.09, representing an 8.71% upside from current levels. In a report released on July 5, Robert W. Baird also maintained a Buy rating on the stock with a $130.00 price target.
Amazon.com, Inc. is known for its online retail shopping services and revenue generation 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 such as 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.
AMZN currently has a market cap of $1331.6B and a P/E ratio of 314.85.
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