What's Going On With Amazon Stock Thursday
Portfolio Pulse from Anusuya Lahiri
Amazon (AMZN) shares are trading higher after Loop Capital and Morgan Stanley issued bullish commentaries. Loop Capital maintained a Buy rating with a price target of $180, while Morgan Stanley reiterated an Overweight rating with a $150 price target. JP Morgan also reiterated a Buy rating with a $145 price target.
June 22, 2023 | 3:48 pm
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Amazon shares are trading higher after bullish commentaries from Loop Capital, Morgan Stanley, and JP Morgan, with price targets of $180, $150, and $145 respectively.
The bullish commentaries from Loop Capital, Morgan Stanley, and JP Morgan are likely to have a positive short-term impact on Amazon's stock price. These firms have maintained or reiterated Buy and Overweight ratings, indicating their confidence in the company's growth potential. The higher price targets also suggest that they believe the stock is undervalued, which could attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100