Wedbush Securities: Wedbush Securities has reiterated its “Outperform” rating for Amazon stock. This rating indicates that Wedbush Securities believes Amazon’s stock has the potential to outperform the broader market. It suggests a positive outlook on the company’s performance and growth prospects. Additionally, Wedbush Securities has set a target price of USD 220 for Amazon shares as of April 10, 2024. This target price represents the price level at which Wedbush Securities believes investors could potentially achieve attractive returns by investing in Amazon stock.
D. A. Davidson & Co.: D. A. Davidson & Co. has maintained its “Buy” rating for Amazon stock. This rating suggests that D. A. Davidson & Co. believes Amazon’s shares are undervalued and have the potential for significant appreciation in the future. The “Buy” rating reflects a positive sentiment regarding the company’s long-term prospects and growth trajectory. D. A. Davidson & Co. has adjusted its target price range for Amazon shares from USD 200 to USD 235 as of April 10, 2024. This target price range provides investors with an estimated valuation range within which D. A. Davidson & Co. believes Amazon’s stock could trade in the foreseeable future, considering various factors such as company performance, industry trends, and market conditions.
