Loading...
Loading...
- RBC Capital analyst Brad Erickson initiated coverage of Amazon.com Inc AMZN with an Outperform rating and $4,150 price target, implying a 25.7% upside.
- Erickson said Amazon is his favorite name in the group of internet stocks focused on e-commerce, advertising, and cloud as the company has a proprietary channel work on the advertising industry.
- Erickson added that TAM is practically GDP and that checks indicate Amazon advertising is "just getting started."
- Price Action: AMZN shares traded higher by 0.19% at $3,285.04 in the premarket session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
