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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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