Shares of e-commerce giant Amazon (AMZN - Free Report) gained 1.5% in Monday trading after several Wall Street analysts raised their price target on the stock.
Wells Fargo analyst Brian Fitzgerald upped AMZN’s PT to $3,600 from $3,000, citing a long-term tailwind from the coronavirus and strong Q2 results. Over at Credit Suisse, analyst Stephen Ju raised the firm’s PT to $3,400 from $2,760, while Telsey Advisory analyst Joseph Feldman increased his PT to $3,600 from $2,800.
Analysts at Wedbush and Bank of America also increased their price targets on AMZN.
Amazon is set to report earnings on Thursday, July 30 after the bell. We expect earnings of $1.75 per share on revenue of $81.31 billion.
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Shares of e-commerce giant Amazon (AMZN - Free Report) gained 1.5% in Monday trading after several Wall Street analysts raised their price target on the stock.
Wells Fargo analyst Brian Fitzgerald upped AMZN’s PT to $3,600 from $3,000, citing a long-term tailwind from the coronavirus and strong Q2 results. Over at Credit Suisse, analyst Stephen Ju raised the firm’s PT to $3,400 from $2,760, while Telsey Advisory analyst Joseph Feldman increased his PT to $3,600 from $2,800.
Analysts at Wedbush and Bank of America also increased their price targets on AMZN.
Amazon is set to report earnings on Thursday, July 30 after the bell. We expect earnings of $1.75 per share on revenue of $81.31 billion.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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