Amazon (AMZN) Receives a Rating Update from a Top Analyst
In a report released today, Justin Post from Bank of America Securities reiterated a Buy rating on Amazon (AMZN – Research Report), with a price target of $248.00. The company's shares closed today at $212.77.
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Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Post has an average return of 22.6% and a 67.88% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $242.48 average price target, a 13.96% upside from current levels. In a report released today, MoffettNathanson also maintained a Buy rating on the stock with a $253.00 price target.
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