Amazon Selloff Presents Buying Opportunity for Citi
Citi has issued a buy recommendation for Amazon (AMZN) following a selloff related to an FTC lawsuit.
The backtested results of TipRanks' Smart Score indicate that buying Amazon on such occasions can lead to significant returns, with the model suggesting potential gains of up to $130 per share in some scenarios.
However, it is essential to note that backtested performance is not an indicator of future actual results and may under- or over-compensate for various market factors.