JP Morgan Maintains Overweight on Amazon.com, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) and raises the price target from $190 to $225, indicating a positive outlook on the company's stock.
February 02, 2024 | 12:18 pm
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JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon.com and raises the price target from $190 to $225.
The increase in price target by a reputable analyst from JP Morgan suggests a strong confidence in Amazon's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100