JMP Securities analyst Nicholas Jones CFA maintained a Buy rating on Amazon (AMZN) today and set a price target of $140.00. The company’s shares opened today at $131.00.
Jones CFA covers the Technology sector, focusing on stocks such as Amazon, Farfetch, and ACV Auctions. According to TipRanks, Jones CFA has an average return of 29.6% and a 55.61% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $145.91, representing an 11.38% upside. In a report released today, Loop Capital Markets also reiterated a Buy rating on the stock with a $180.00 price target.
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Based on Amazon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $127.36 billion and a net profit of $3.17 billion. In comparison, last year the company earned a revenue of $116.44 billion and had a GAAP net loss of $3.84 billion.
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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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