KeyBanc analyst Edward Yruma maintained a Buy rating on Amazon.com Inc. (AMZN) today. The company’s shares closed on Friday at $1964.52, close to its 52-week high of $2050.50.
Yruma observed:
“We believe that trends have improved since the 1Q and our higher estimates for U.S. retail underpin our increase in price target to $2,200.”
According to TipRanks.com, Yruma is a 4-star analyst with an average return of 8.0% and a 56.4% success rate. Yruma covers the Services sector, focusing on stocks such as Nordstrom Inc, Tapestry Inc, and Walmart Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon.com Inc. with a $2259.53 average price target, representing a 15.0% upside. In a report issued on July 9, Barclays also maintained a Buy rating on the stock with a $2050 price target.
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Amazon.com Inc.’s market cap is currently $966.5B and has a P/E ratio of 82.01. The company has a Price to Book ratio of 19.97.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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