In a report released yesterday, Justin Post from Bank of America Securities maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $174.00. The company’s shares closed yesterday at $131.27.
Post covers the Technology sector, focusing on stocks such as Amazon, Alphabet Class A, and Expedia. According to TipRanks, Post has an average return of 20.4% and a 66.95% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $176.85.
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AMZN market cap is currently $1324.8B and has a P/E ratio of 102.68.
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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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