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Benzinga
Benzinga
Business
Chris Katje

Amazon Stock Hit On AWS: Analysts Brush Off Growth Concerns, 'Buyers Of AMZN On Weakness'

Amazon AWS Amazon.com Inc. Eric Sheridan Laura Martin Barton Crockett Brad Erickson Justin Post Nasdaq Joseph Feldman
Cdg,Airport,,Paris,-,12 - 22 - 18:,Aws,Amazon,Cloud,Services,Brand

Amazon.com Inc. (NASDAQ:AMZN) analysts raised their price targets on the stock and questioned why shares were falling Friday after reporting better-than-expected second-quarter results.

  • Bank of America analyst Justin Post reiterated a Buy rating and raised the price target from $265 to $272.
  • RBC Capital analyst Brad Erickson maintained an Outperform rating and raised the price target from $230 to $240.
  • Canaccord Genuity analyst Maria Ripps maintained a Buy rating with a price target of $280.
  • Needham analyst Laura Martin maintained a Buy rating with a price target of $265.
  • Rosenblatt analyst Barton Crockett maintained a Buy rating and raised the price target from $288 to $297.
  • Telsey analyst Joseph Feldman maintained an Outperform rating and raised the price target from $235 to $265.
  • Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and raised the price target from $220 to $240.
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