Barclays Maintains Overweight on Amazon.com, Raises Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler has maintained an Overweight rating on Amazon.com (NASDAQ:AMZN) and increased the price target from $190 to $220. This adjustment reflects a positive outlook on Amazon's future stock performance.
February 02, 2024 | 12:43 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Amazon.com and raised the price target from $190 to $220, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst like Ross Sandler from Barclays signals a strong confidence in Amazon's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in Amazon's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100