Amazon (AMZN) Receives a Buy from Needham
In a report released today, Laura Martin from Needham assigned a Buy rating to Amazon (AMZN), with a price target of $3700.00. The company’s shares closed last Tuesday at $3135.66.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 24.9% and a 66.1% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $3818.46 average price target, implying a 19.9% upside from current levels. In a report issued on November 3, Citigroup also maintained a Buy rating on the stock with a $3600.00 price target.
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The company has a one-year high of $3552.25 and a one-year low of $1626.03. Currently, Amazon has an average volume of 5.12M.
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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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