Raymond James analyst Aaron Kessler maintained a Buy rating on Amazon (AMZN) today and set a price target of $2400.00. The company’s shares closed last Monday at $1870.68.
According to TipRanks.com, Kessler is a top 25 analyst with an average return of 24.2% and a 72.6% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Cardlytics.
Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $2357.81, implying a 26.9% upside from current levels. In a report issued on January 16, Morgan Stanley also maintained a Buy rating on the stock with a $2200.00 price target.
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Based on Amazon’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $69.98 billion and net profit of $2.13 billion. In comparison, last year the company earned revenue of $72.38 billion and had a net profit of $3.03 billion.
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