Wedbush Maintains Outperform on Amazon.com, Raises Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt has maintained an Outperform rating on Amazon.com (NASDAQ:AMZN) and increased the price target from $180 to $210, indicating a positive outlook on the company's stock.
December 21, 2023 | 11:17 am
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Wedbush analyst Scott Devitt maintains a positive outlook on Amazon.com, raising the price target from $180 to $210, which may influence investor sentiment and stock price.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence. This often has a positive impact on the stock price in the short term as market participants may adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100