Rosenblatt Confirms 'Buy' Rating for Amazon with $335 Price Target

Amazon.com Inc (AMZN) received a new 'Buy' rating from analyst Scott Devitt at Rosenblatt, with a price target of $335.00, indicating a potential upside from its current trading price.

The recent rating aligns with other analysts who have raised their price targets for the company, suggesting a consensus among experts that Amazon's growth prospects remain strong despite current market conditions.

Amazon operates primarily as an online retailer and marketplace for third-party sellers, generating approximately 74% of its revenue from retail-related activities. The company also derives significant income from Amazon Web Services (17%) and advertising services (9%).