What's Going On With Amazon Shares Monday?

Amazon.Com, Inc. AMZN stock is trending on Monday. The company is set to report 2024 fiscal year second quarter earnings on Thursday after the market closes.

What To Know: Analysts estimate an EPS of $1.03 and revenue of $148.56 billion.

Analyst Coverage: In addition, at the end of last week, multiple analysts issued price target adjustments.

• On July 25, BMO Capital analyst Brian Pitz maintained Amazon.com with a Outperform and raised the price target from $220 to $230.
• On July 26, Wedbush analyst Scott Devitt reiterated Amazon.com with a Outperform and maintained the $225 price target.

The stock is trading slightly below its 50-day moving average of $187.14, currently at $183.18. It is positioned towards the upper end of its 52-week range, which spans from $118.35 to $201.2.

Related Link: Analyst Ratings For First Hawaiian

AMZN Price Action: Amazon shares are trading 0.20% higher at $182.87 per data from Benzinga Pro.

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