Amazon.com, Inc. (AMZN) Gets a Buy Rating from Guggenheim


Guggenheim analyst Robert Drbul maintained a Buy rating on Amazon.com, Inc. (AMZN) yesterday and set a price target of $2200. The company’s shares closed yesterday at $1902.25.

Drbul commented:

“We remain BUY-rated and raise our PT to $2,200 (from $2,000; Exhibit 1). Our FY20E EPS remains $40.00; we continue to view Amazon as an ~20% total company top-line grower, with adj. CSOI growth in the 30-40% range, through FY20.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 12.9% and a 72.9% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

Amazon.com, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $2124.28, implying an 11.7% upside from current levels. In a report issued on April 12, RBC Capital also maintained a Buy rating on the stock with a $2300 price target.

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Amazon.com, Inc.’s market cap is currently $934B and has a P/E ratio of 94.50. The company has a Price to Book ratio of 21.45.

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