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Jefferies Believes Amazon (AMZN) Still Has Room to Grow


In a report released today, Brent Thill from Jefferies maintained a Buy rating on Amazon (NASDAQ: AMZN), with a price target of $2350. The company’s shares opened today at $2003, close to its 52-week high of $2050.50.

According to TipRanks.com, Thill is a top 25 analyst with an average return of 20.5% and a 76.3% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.

Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $2169.94, representing an 8.3% upside. In a report issued on September 17, Citigroup also reiterated a Buy rating on the stock with a $2250 price target.

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The company has a one-year high of $2050.50 and a one-year low of $950.37. Currently, Amazon has an average volume of 4.51M.

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