Amazon (AMZN) Receives a Buy from Monness

In a report released today, Brian White from Monness maintained a Buy rating on Amazon (AMZNResearch Report), with a price target of $4000.00. The company’s shares closed last Friday at $3084.50.

According to TipRanks.com, White is a top 25 analyst with an average return of 29.6% and a 77.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $3800.84, representing a 20.4% upside. In a report issued on October 15, Truist Financial also maintained a Buy rating on the stock with a $3600.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $3552.25 and a one-year low of $1626.03. Currently, Amazon has an average volume of 4.87M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.