In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Amazon (AMZN), with a price target of $3800.00. The company’s shares closed last Thursday at $3305.00, close to its 52-week high of $3552.25.
According to TipRanks.com, Thill is a top 25 analyst with an average return of 30.0% and a 80.5% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $3816.48 average price target, implying a 16.9% upside from current levels. In a report issued on January 6, Monness also maintained a Buy rating on the stock with a $4000.00 price target.
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Amazon’s market cap is currently $1637.4B and has a P/E ratio of 91.40. The company has a Price to Book ratio of 23.09.
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Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.
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