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.

.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on AMZN:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts