Wells Fargo Lifts Amazon Price Target to $338

A Wells Fargo analyst has increased their price target for Amazon.com to $338 from $328.

This move comes as part of a broader analysis by TipRanks, which uses backtested results to gauge investment performance.

The TipRanks Smart Score is based on backtested results and not an indicator of future actual results. Backtesting involves the retroactive application of a model constructed on the basis of historical data, with general assumptions including the ability to purchase securities recommended by the model and sufficiently liquid markets.