Morgan Stanley Maintains Overweight on Amazon.com, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) and raises the price target from $220 to $240.
July 23, 2024 | 5:14 pm
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POSITIVE IMPACT
Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com and raises the price target from $220 to $240.
The raised price target and maintained Overweight rating from a reputable analyst at Morgan Stanley is likely to positively impact Amazon's stock price in the short term as it reflects strong confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100