Morgan Stanley Reiterates Overweight on Amazon.com, Maintains $175 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has reiterated an 'Overweight' rating on Amazon.com (NASDAQ:AMZN) and maintained a price target of $175.
September 20, 2023 | 1:01 pm
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Morgan Stanley has reiterated an 'Overweight' rating on Amazon.com, indicating a positive outlook for the company's stock. The price target remains at $175.
Analyst ratings often influence investor sentiment and can impact stock prices. An 'Overweight' rating suggests that the analyst believes the company's stock will outperform the market in the future. The maintained price target of $175 indicates that the analyst believes the stock is currently undervalued, which could lead to increased buying pressure and a potential increase in the stock price.
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