Wedbush Sticks to Their Buy Rating for Amazon.com, Inc. (AMZN)
In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Amazon.com, Inc. (AMZN), with a price target of $2000. The company’s shares closed on Thursday at $1861.69.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -0.8% and a 51.5% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Best Buy Co.
Amazon.com, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $2124.28, which is a 14.1% upside from current levels. In a report issued on April 8, Piper Jaffray also reiterated a Buy rating on the stock with a $2070 price target.
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The company has a one-year high of $2050.50 and a one-year low of $1307. Currently, Amazon.com, Inc. has an average volume of 4.43M.
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