There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) with bullish sentiments.
Amazon (AMZN)
In a report released today, Ben Schachter from Macquarie maintained a Buy rating on Amazon, with a price target of $2200. The company’s shares opened today at $1882.62, close to its 52-week high of $1925.
Schachter has an average return of 34.8% when recommending Amazon.
According to TipRanks.com, Schachter is ranked #90 out of 4857 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $2103.32 average price target, which is an 11.7% upside from current levels. In a report issued on July 31, Morningstar also maintained a Buy rating on the stock with a $2200 price target.
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Netflix (NFLX)
Macquarie analyst Tim Nollen maintained a Buy rating on Netflix today and set a price target of $388. The company’s shares opened today at $326.40.
According to TipRanks.com, Nollen is ranked #4034 out of 4857 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $390.29 average price target, a 19.6% upside from current levels. In a report issued on August 13, Imperial Capital also maintained a Buy rating on the stock with a $494 price target.
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