TD Cowen Keeps Buy Rating on Amazon with $350 Target Price
TD Cowen analyst John Blackledge has reiterated his positive outlook on Amazon (AMZN.US), maintaining a buy rating and a target price of $350. The analyst's assessment reflects his confidence in the company's future performance.
According to data from TipRanks, Blackledge has a success rate of 51.4% and an average return of 8.2% over the past year. These metrics are based on the performance of TipRanks' virtual portfolios, which track the analyst's recommendations.
TipRanks, an independent third-party platform, provides analysis data from financial analysts and calculates their success rates and average returns. The information is intended for informational purposes only and does not constitute an investment recommendation.
The success rate is determined by the number of successful ratings divided by the total number of ratings over the past year. A successful rating is one where the virtual portfolio earned a positive return from the stock. The total average return is the average rate of return earned by the virtual portfolios based on the analyst's preliminary rating.
TipRanks also ranks analysts on a scale of up to 5 stars, with more stars indicating better performance. Blackledge's past performance is evaluated based on his total success rate and average return.