Saad Ullah
On Monday, William Blair reissued his stock purchase rating Amazon.com. According to TipRanks, his research report was sent to investors.
A few other stock researchers have released AMZN analyses lately as well. In a research report published on Tuesday, June 9th, the Royal Bank of Canada confirmed Amazon.com's stock buy rating. The Bank of the United States increased the purchase price from $2,600.00 to $3,000.00 of Amazon.com, and on Tuesday, June 9th gave the stock a buy rating.
JPMorgan Chase & Co. The company's share buying rating of Amazon.com was confirmed in a research report published on Monday, May 4. SunTrust banks raised Amazon.com's target price from $2,450.00 to $2,770.00. And in its research report on Monday 27 April gave the company a buying rate.
In a research posted on Tuesday, June 16, Needham & Company LLC covered Amazon.com. They gave a buy recommendation and a $3,200.00 stock target price. One analyst rated the stock to be selling, 4 rated it to hold, and 47 rated the stock to buy. The Amazon.com agreement rating and consensus price target of $2,617.85 are currently in place.
Investors continue to buy Amazon shares and add them to their portfolio. After purchasing an additional 224 shares during the last quarter, Chelsea Counsel Co. owns 1,986 shares of the e-commerce giant worth $ 3,873,000.
It is worth to mention that since April, the shares rose from $1,920 to $2,750, which represents a 45% increase.
Saad Ullah
