Navigating 26 Analyst Ratings For Amazon.com
Portfolio Pulse from Benzinga Insights
Amazon.com (NASDAQ:AMZN) received mixed analyst ratings in the last quarter with a total of 26 evaluations, showing a shift towards bullish sentiment. The recent assessments indicate an average 12-month price target of $210.31, marking an 11.33% increase from the previous target. Analysts from firms like Truist Securities, Roth MKM, and Stifel have adjusted their price targets and ratings, reflecting optimism about Amazon's market position and financial performance. Amazon's revenue growth, net margin, and ROE have outperformed industry averages, supporting a positive outlook.
April 17, 2024 | 1:00 pm
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POSITIVE IMPACT
Amazon.com has seen a positive shift in analyst ratings, with an increased average price target of $210.31. Financial indicators like revenue growth and net margin surpass industry averages, suggesting a strong market position.
The increase in bullish analyst ratings and the upward adjustment of price targets reflect growing confidence in Amazon's financial health and market position. The company's superior revenue growth, net margin, and ROE compared to industry averages further support a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100