Wells Fargo Reiterates Overweight on Amazon.com, Maintains $165 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski has reiterated an Overweight rating on Amazon.com (NASDAQ:AMZN) and maintained a price target of $165.
September 21, 2023 | 4:42 pm
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Wells Fargo analyst has reiterated an Overweight rating on Amazon.com and maintained a price target of $165.
The reiteration of an Overweight rating by a Wells Fargo analyst indicates a positive outlook for Amazon.com. The maintained price target of $165 also suggests that the analyst believes the stock is undervalued at current prices, which could lead to upward pressure on the stock in the short term.
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