JP Morgan Maintains Overweight on Amazon.com, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) but lowers the price target from $240 to $230.
August 02, 2024 | 11:02 am
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JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon.com but lowers the price target from $240 to $230.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100