Amazon Gets Bullish Call from Analysts: $301 Price Target Set

Analysts at CMB International Securities and Roth MKM have expressed bullish sentiments on Amazon (AMZN), with analyst Saiyi He maintaining a Buy rating on the e-commerce giant.

In a report released today, He set a price target of $301.00 for Amazon, highlighting its strong financial performance in its latest earnings release for the quarter ending June 30.

The company reported a quarterly revenue of $200.61 billion and a net profit of $62.65 billion, compared to last year's revenue of $167.7 billion and net profit of $18.16 billion.