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The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
A $10,000 investment in the stock at its all-time low would be worth roughly $685,480 today. A parallel investment in Amazon on the same day would be worth $28,400.
Amazon led U.S. stock indexes higher on Friday, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.
This article originally appeared on USA TODAY: Stock market edges up ahead of Amazon earnings and jobs data. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.
Amazon stock closed 3% lower Monday as Wells Fargo analysts downgraded shares, noting that the company's strength in the cloud services market won’t be enough to stave off other hurdles to its ...
The stock market's gains in the past year and a half have left many investors smiling. Since the end of 2022, the S&P 500 has risen by more than 37%.But that also puts investors in a difficult ...
Amazon is the undisputed king of domestic e-commerce with a 38% market share in the U.S. last year. In Q3 2023, its international segment suffered an operating loss of $95 million. Best Stock to ...
E-commerce pioneer Amazon (NASDAQ: AMZN) stock has been a roller-coaster ride in recent years. Share prices soared more than 50% in three of the last eight years, mixed in with a 50% drop in 2022.