Markets
After Monness and Merrill Lynch gave Amazon (NASDAQ: AMZN) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Jason Helfstein maintained a Buy rating on Amazon today and set a price target of $4200.00. The company’s shares closed last Tuesday at $3334.69.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 44.2% and a 72.1% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Opendoor Technologies, and Zillow Group Class C.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $4103.27 average price target, implying a 21.6% upside from current levels. In a report issued on April 7, Piper Sandler also reiterated a Buy rating on the stock with a $3903.00 price target.