Rosenblatt Securities Raises Amazon Target Price to $360

Rosenblatt Securities' analyst Scott Devitt has maintained Amazon (AMZN.US) with a buy rating, increasing his target price to $360. This move is based on his past performance, which shows a success rate of 49.2% and a total average return of 12.0% over the last year, according to TipRanks data.

TipRanks provides analysis data from financial analysts and calculates their success rates and average returns. A successful rating is one where the analyst's virtual portfolio earns a positive return from the stock. The total average return represents the average rate of return earned by the analyst's virtual portfolio over the past year.

The analyst's ratings are also ranked on a scale of 1 to 5 stars, with more stars indicating better performance. Devitt's ranking is based on his total success rate and average return.