In a report released today, Justin Post from Bank of America Securities maintained a Buy rating on Amazon (AMZN – Research Report), with a price target of $154.00. The company’s shares closed yesterday at $134.30.
According to TipRanks, Post is a top 100 analyst with an average return of 20.9% and a 66.81% success rate. Post covers the Technology sector, focusing on stocks such as Amazon, Meta Platforms, and Alphabet Class A.
Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $143.70, a 7.00% upside from current levels. In a report released today, Citi also reiterated a Buy rating on the stock with a $145.00 price target.
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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 62.64M.
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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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