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.
October 10, 2023 | 11:31 am
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Wells Fargo has reiterated an Overweight rating on Amazon.com and maintained a price target of $165.
The reiteration of an Overweight rating by Wells Fargo indicates a positive outlook for Amazon.com. The maintained price target of $165 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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IMPORTANCE 80
RELEVANCE 100