SunTrust Robinson Remains a Buy on Amazon (AMZN)


In a report issued on November 29, Youssef Squali from SunTrust Robinson reiterated a Buy rating on Amazon (AMZN), with a price target of $2350.00. The company’s shares closed last Monday at $1800.80.

According to TipRanks.com, Squali is a top 100 analyst with an average return of 28.1% and a 72.0% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $2156.41, representing a 18.6% upside. In a report issued on November 27, Goldman Sachs also maintained a Buy rating on the stock with a $2200.00 price target.

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The company has a one-year high of $2035.80 and a one-year low of $1307.00. Currently, Amazon has an average volume of 2.79M.

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