D.A. Davidson analyst Tom Forte has reiterated a Buy rating on Amazon (AMZN) and set a price target of $150.00. The company’s shares closed last Friday at $139.57.
According to TipRanks, Forte is a 5-star analyst with an average return of 16.3% and a 54.25% success rate. Forte covers the Technology sector, focusing on stocks such as Roku, Apple, and Sonos.
In addition to D.A. Davidson, Amazon also received a Buy from Monness’s Brian White in a report issued on August 4. However, on the same day, Exane BNP Paribas upgraded Amazon (NASDAQ: AMZN) to a Hold.
The company has a one-year high of $146.57 and a one-year low of $81.43. Currently, Amazon has an average volume of 60.59M.
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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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