In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Amazon (AMZN). The company’s shares closed yesterday at $149.10.
Blackledge covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Netflix, and Meta Platforms. According to TipRanks, Blackledge has an average return of 10.5% and a 56.41% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $183.28, which is a 22.92% upside from current levels. In a report released on January 3, Bernstein also maintained a Buy rating on the stock with a $175.00 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $155.63 and a one-year low of $87.29. Currently, Amazon has an average volume of 50.93M.
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 (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.
Read More on AMZN: