Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Amazon (AMZN) on April 15 and set a price target of $4000.00. The company’s shares closed last Monday at $3423.80, close to its 52-week high of $3552.25.
According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 35.8% and a 76.2% success rate. Sebastian covers the Technology sector, focusing on stocks such as Playtika Holding, Paypal Holdings, and Corsair Gaming.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $4103.27, which is a 21.0% upside from current levels. In a report issued on March 31, Barclays also initiated coverage with a Buy rating on the stock with a $3720.00 price target.
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Amazon’s market cap is currently $1711.8B and has a P/E ratio of 81.30. The company has a Price to Book ratio of 23.35.
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Amazon.com, Inc. provides online retail shopping services and also generates revenue from cloud computing services. It operates through three business segments: North America, International, and Amazon Web Services (AWS). The North America and International segments include retail sales of consumer products and subscriptions (like Amazon Prime membership fees). AWS generates revenue from the global sales of compute, storage, database, and other service offerings. Founded by Jeffrey P. Bezos in July 1994, the company is headquartered in Seattle, WA.
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