Analysts have been eager to weigh in on the Services sector with new ratings on Amazon (NASDAQ:AMZN), Shoe Carnival (NASDAQ:SCVL) and H&R Block (NYSE:HRB).
Amazon (AMZN)
In a report released today, Brian Nowak from Morgan Stanley maintained a Buy rating on Amazon, with a price target of $2500. The company’s shares closed yesterday at $1932.82, close to its 52-week high of $1941.78.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 12.7% and a 71.0% success rate. Nowak covers the Services sector, focusing on stocks such as Booking Holdings Inc, Despegar.com Corp., and Etsy Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $2120.85 average price target, representing a 9.7% upside. In a report issued on August 15, Monness also maintained a Buy rating on the stock with a $2300 price target.
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Shoe Carnival (SCVL)
In a report released today, Christopher Svezia from Wedbush maintained a Buy rating on Shoe Carnival, with a price target of $44. The company’s shares closed yesterday at $36.91, close to its 52-week high of $37.63.
According to TipRanks.com, Svezia is a 4-star analyst with an average return of 10.8% and a 52.0% success rate. Svezia covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Steven Madden, and Skechers USA.
Currently, the analyst consensus on Shoe Carnival is a Moderate Buy with an average price target of $38.33, implying a 3.8% upside from current levels. In a report issued on August 27, Pivotal Research also reiterated a Buy rating on the stock with a $39 price target.
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H&R Block (HRB)
Morgan Stanley analyst Thomas Allen maintained a Hold rating on H&R Block today and set a price target of $26. The company’s shares closed yesterday at $26.11.
According to TipRanks.com, Allen is a 3-star analyst with an average return of 2.0% and a 50.6% success rate. Allen covers the Services sector, focusing on stocks such as Extended Stay America, Las Vegas Sands, and Wynn Resorts.
H&R Block has an analyst consensus of Hold, with a price target consensus of $24.50, implying a -6.2% downside from current levels. In a report released today, Oppenheimer also assigned a Hold rating to the stock.
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