Wells Fargo Maintains Overweight on Amazon.com, Raises Price Target to $217
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) and raises the price target from $211 to $217, indicating a positive outlook on the company's stock.
April 01, 2024 | 3:48 pm
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Wells Fargo analyst Ken Gawrelski maintains an Overweight rating on Amazon.com and raises the price target from $211 to $217.
The increase in the price target by a reputable analyst like Ken Gawrelski from Wells Fargo suggests a strong confidence in Amazon.com's future performance. This endorsement is likely to positively influence investor sentiment and potentially lead to a short-term increase in AMZN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100