In a report released today, Rob Sanderson from Loop Capital Markets maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $215.00. The company’s shares closed last Friday at $174.45.
According to TipRanks, Sanderson is a 5-star analyst with an average return of 12.0% and a 55.56% success rate. Sanderson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Baidu, and Alphabet Class A.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $207.92, which is a 19.19% upside from current levels. In a report released on February 5, Citi also maintained a Buy rating on the stock with a $215.00 price target.
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Based on Amazon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $169.96 billion and a net profit of $10.62 billion. In comparison, last year the company earned a revenue of $149.2 billion and had a net profit of $278 million.
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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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