Amazon (AMZN) Receives a Rating Update from a Top Analyst
In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Amazon (NASDAQ: AMZN), with a price target of $2350. The company’s shares closed yesterday at $1909.42, close to its 52-week high of $2050.50.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 19.9% and a 75.1% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $2182.38, which is a 14.3% upside from current levels. In a report issued on September 20, Robert W. Baird also maintained a Buy rating on the stock with a $2100 price target.
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Amazon’s market cap is currently $929.9B and has a P/E ratio of 151.52. The company has a Price to Book ratio of 26.57.
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