In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Amazon.com Inc. (AMZN), with a price target of $2300. The company’s shares closed last Monday at $1817.46.
According to TipRanks.com, Thill is a top 25 analyst with an average return of 18.9% and a 72.0% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Trade Desk Inc.
Amazon.com Inc. has an analyst consensus of Strong Buy, with a price target consensus of $2298.93, which is a 26.5% upside from current levels. In a report issued on September 3, RBC Capital also maintained a Buy rating on the stock with a $2600 price target.
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Based on Amazon.com Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $63.4 billion and net profit of $2.63 billion. In comparison, last year the company earned revenue of $52.89 billion and had a net profit of $2.53 billion.
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