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AMZN Stock Jumps 5% as Wall Street Maintains 39 Buy Ratings, Sets $333 Price Target
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Based on 40 analysts tracked over the past three months, carries an average price target of $333.03.
Source:Amazon also holds a Strong Buy rating, with 39 Buy ratings, one Hold rating, and no Sell calls.
Citi analyst Ronald Josey reiterated a Buy rating and raised his price target to $350 from $325.
However, investors appeared more focused on AWS growth and signs that AI infrastructure spending is bringing demand.
The firm also said investors may be underestimating Amazon’s backlog and future revenue growth.