Wells Fargo Analyst Reaffirms Buy Rating on Amazon

Wells Fargo analyst Ken Gawrelski has reaffirmed his 'buy' rating for Amazon, maintaining a target price of $338 per share. This decision is based on the analyst's past performance, which includes a success rate of 51.6% and an average return of 4.7% over the past year.

Gawrelski's recommendation is supported by TipRanks data, which evaluates financial analysts' track records and provides insights into their predictions. According to the data, Gawrelski has a 5-star rating out of 5, indicating exceptional performance in terms of both success rate and average return.