Barclays Maintains Overweight on Amazon.com, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ross Sandler maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) and raises the price target from $220 to $230.

May 01, 2024 | 1:05 pm
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Barclays maintains an Overweight rating on Amazon.com and raises the price target from $220 to $230.
The upgrade in the price target by Barclays, a major financial institution, reflects a positive outlook on Amazon.com's future stock performance. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price due to increased investor confidence and perceived value.
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IMPORTANCE 90
RELEVANCE 100