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 at $129.78 last Friday.
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. Robert W. Baird also maintained a Buy rating on the stock with a $130.00 price target in a report released on July 5.
Amazon.com, Inc. is known for its online retail shopping services and revenue generated from cloud computing services. The company 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. Founded by Jeffrey P. Bezos in July 1994, the company 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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