TipRanks

Notifications

New Buy Rating for Amazon (AMZN), the Consumer Goods Giant

In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Amazon (AMZNResearch Report), with a price target of $150.00. The company’s shares closed last Tuesday at $118.21.

According to TipRanks.com, Thill has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 27.5% success rate. Thill covers the Technology sector, focusing on stocks such as Instructure Holdings, IAC/InteractiveCorp., and Procore Technologies.

Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $176.04, implying a 52.2% upside from current levels. In a report issued on July 15, Evercore ISI also maintained a Buy rating on the stock with a $180.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $188.11 and a one-year low of $101.26. Currently, Amazon has an average volume of 87.87M.

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.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: