Rosenblatt Securities Reaffirms 'Buy' Rating for Amazon.com with $335 Target
A leading research firm has reaffirmed its 'buy' rating for Amazon.com (AMZN), citing the e-commerce giant's strong earnings and revenue growth. In a note issued to investors, Rosenblatt Securities reiterated its target price of $335.00, indicating a potential upside of 26.02% from the company's previous close.
This is not an isolated view, as several other brokerages have also commented on AMZN with positive ratings and targets. For example, Telsey Advisory Group set a $335.00 price target and gave the stock an 'outperform' rating, while Wolfe Research restated its 'outperform' rating and set a $315.00 target.
Amazon's financials have been impressive in recent quarters, with the company reporting $5.75 earnings per share for the latest quarter, beating analysts' expectations of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts' estimates of $197.03 billion.