In a report released today, Lloyd Walmsley from UBS maintained a Buy rating on Amazon (AMZN), with a price target of $175.00. The company’s shares closed last Friday at $138.23.
Walmsley covers the Technology sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Amazon. According to TipRanks, Walmsley has an average return of 26.0% and a 64.66% success rate on recommended stocks.
The word on The Street in general suggests a Strong Buy analyst consensus rating for Amazon with a $175.63 average price target, a 27.06% upside from current levels. In a report released on September 6, D.A. Davidson also reiterated a Buy rating on the stock with a $150.00 price target.
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AMZN market cap is currently $1418.3B and has a P/E ratio of 109.92.
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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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