Wells Fargo Reaffirms Their Hold Rating on Amazon (AMZN)
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Gawrelski covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Match Group. According to TipRanks, Gawrelski has an average return of 15.5% and a 64.34% success rate on recommended stocks.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $245.71.
Based on Amazon's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $155.67 billion and a net profit of $17.13 billion. In comparison, last year the company earned a revenue of $143.31 billion and had a net profit of $10.43 billion
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