Amazon stocks (AMZN) have been widely discussed in investor circles, with several analysts predicting a further increase in value. Despite a 22% increase year-to-date, many believe it isn't too late to buy, with a high prediction price target of $230 suggested by one analyst.
Josh Brown has reportedly doubled his Amazon position, further adding to the bullish sentiment. Moreover, Steward Partners Investment Advisory LLC's fourth largest position is Amazon, highlighting the trust placed in the company. The
Grubhub partnership has also been lauded for boosting Prime momentum.
Journey Advisory Group LLC sold 132 shares, and
Lockheed Martin Investment Management's sale of 13650 shares suggests some bearish sentiment, however, these were reportedly offset by acquisitions by Portfolio Design Labs LLC and IPG Investment Advisors LLC. There were also positive responses to Amazon's Q1 reports, with the company's AI-boosted Cloud, AWS, praised. Jeff Bezos' plan to sell up to 50 million shares as the stock surges is viewed as an opportunity to fund projects like Day 1 Academies. In conclusion, the general consensus signals Amazon as a buy.
Amazon Stocks AMZN News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 15:23:03 GMT -
Rating 9
- Innovation 8
- Information 7
- Rumor -4
