JP Morgan Maintains Overweight on Amazon.com, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Amazon.com and raises the price target from $230 to $250.
November 01, 2024 | 1:05 pm
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POSITIVE IMPACT
JP Morgan analyst Doug Anmuth has maintained an Overweight rating on Amazon.com and increased the price target from $230 to $250, indicating a positive outlook on the stock.
The increase in price target from $230 to $250 by a reputable analyst at JP Morgan suggests a positive outlook for Amazon's stock. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100