In a report released today, Rohit Kulkarni from Roth MKM maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $155.00. The company’s shares closed yesterday at $132.83.
Kulkarni covers the Technology sector, focusing on stocks such as Amazon, Meta Platforms, and Uber Technologies. According to TipRanks, Kulkarni has an average return of 16.3% and a 55.45% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $144.24, implying an 8.59% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $145.00 price target.
See today’s best-performing stocks on TipRanks >>
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 62.97M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on AMZN: