Amazon Stock Price Target Raised by Rosenblatt Securities

Amazon's stock price target has been raised by Rosenblatt Securities from $335.00 to $360.00, indicating a potential upside of 45.94% from its previous close.

This is not an isolated instance, as several other equities analysts have also issued reports on the e-commerce giant's stock in recent weeks.

Morgan Stanley reiterated an 'overweight' rating and issued a $335.00 target price on Amazon.com shares, while Piper Sandler set a $320.00 price objective (up from $315.00) and Monness Crespi & Hardt lifted their price target on Amazon.com from $315.00 to $330.00.

Amazon's market capitalization stands at $2.66 trillion, with a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.91, and a beta of 1.44.