Rosenblatt Upgrades Amazon.com to Strong-Buy Amid Bullish Catalysts

Amazon.com (NASDAQ:AMZN) has been upgraded by analysts at Rosenblatt Securities to a 'strong-buy' rating in a research note issued on Wednesday, according to Zacks.com. This upgrade is just one of several recent positive developments for the company, which has also received a 'buy (b)' rating from Weiss Ratings and a price objective increase from $320.00 to $350.00 from Truist Financial.

The company's quarterly revenue was up 19.6% on a year-over-year basis, with earnings per share of $5.75 beating the consensus estimate of $1.82 by $3.93. Amazon.com has a one year low of $196.00 and a one year high of $287.20.

The company's debt-to-equity ratio is 0.23, and its beta is 1.45. The stock's fifty day moving average is $249.46, and its 200-day moving average is $239.21. Amazon.com has a market capitalization of $2.80 trillion and a PE ratio of 20.91.