Monness analyst Brian White has reiterated his Buy rating on Amazon (AMZN) and set a price target of $136.00. The stock closed at $130.36 last Friday. White, who is ranked as a top 100 analyst by TipRanks, covers the Technology sector and focuses on stocks such as Salesforce, Amazon, and Apple.
The general consensus among analysts is a Strong Buy rating for Amazon, with an average price target of $141.09, indicating an 8.23% upside. DBS also initiated coverage on the stock with a Buy rating and a price target of $150.00.
Amazon currently has a market cap of $1337.5B and a P/E ratio of 316.25.
Amazon.com, Inc. is a leading online retail shopping service that also generates revenue from cloud computing services. The company 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, such as Amazon Prime membership fees. AWS generates revenue from 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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