Benchmark Raises Target on Amazon(AMZN:NSD) to $175 from $170

Benchmark Raises Target on Amazon(AMZN:NSD) to $175 from $170

Amazon Analyst Alert:

Amazon, the global e-commerce and technology giant, continues to attract attention from analysts as they provide updates on the company’s performance and future outlook.

Benchmark Research:

Rating: Buy
Previous Target: USD 170
Revised Target: USD 175
Date of Update: January 22, 2024
Analysis: Benchmark Research maintains a positive outlook on Amazon, reiterating their “Buy” rating. They have revised the target price upward from USD 170 to USD 175, reflecting confidence in Amazon’s potential for growth and value appreciation. This suggests a bullish sentiment from Benchmark Research, encouraging investors to consider buying Amazon shares.

UBS Securities:

Rating: Buy
Target Price: USD 175
Date of Update: January 22, 2024
Analysis: UBS, another prominent financial institution, also maintains a “Buy” rating on Amazon. Their target price remains at USD 175 as of January 22, 2024. This reaffirms UBS’s positive stance on Amazon’s future performance, projecting that the stock has the potential for further gains. The “Buy” recommendation implies a belief that Amazon represents an attractive investment opportunity.

Key Takeaways:

Both Benchmark Research and UBS continue to advocate for a “Buy” position on Amazon, indicating a shared confidence in the company’s growth prospects.
The revised target price from Benchmark Research signals an even more optimistic view, suggesting that they anticipate an increase in Amazon’s stock value beyond the previous projection.

 

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