AMZN Receives 12% Price Target Hike from Stifel Nicolaus Analyst

WallStreetZen04-19

Stifel Nicolaus's Mark Kelley raised their price target on Amazon (NASDAQ: AMZN) by 12% from $200 to $224 on 2024/04/16. The analyst maintained their Strong Buy rating on the stock.Kelley reported ...

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The analyst maintained their Strong Buy rating on the stock.Kelley reported ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/amzn-receives-12-price-target-hike-from-stifel-nicolaus-analyst\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SF","symbol_name":"Stifel Financial Corp","start_time":0,"source_url":"https://www.wallstreetzen.com/news/amzn-receives-12-price-target-hike-from-stifel-nicolaus-analyst","article_id":"2428684440","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1648091855145-73b112984e19?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2ODc2NTYxNzR8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428684440","pubTimestamp":1713513480,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Stifel Nicolaus's Mark Kelley raised their price target on Amazon (NASDAQ: AMZN) by 12% from $200 to $224 on 2024/04/16. 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The analyst maintained their Strong Buy rating on the stock.Kelley reported that their price target hike was catalyzed by a deep dive into their Internet (Digital Advertising & ad-tech, eCommerce & Marketplaces, and Software) sector coverage area. The analyst told investors that U.S. Internet sentiment has been \"uncertain\" since the beginning of 2024.Nevertheless, Kelley's prediction for Q1 2024 earnings has not changed, noting that the advertising landscape is improving, e-commerce is holding its own, and subscription brands \"remain a mixed bag.\"In addition to the price target adjustment for Amazon, Kelley also made changes to other names in their portfolio. Stifel Nicolaus's Mark Kelley lowered their price target on Snap Inc by -14.3%, from $14 to $12, and maintained their Hold rating. On the other hand, Kelley raised their price target on Alphabet Inc by 13%, from $154 to $174, and maintained their Strong Buy rating. Similarly, Kelley raised their price target on Meta Platforms Inc by 11.6%, from $527 to $588, and maintained their Strong Buy rating.Analysts' sentiments toward Amazon are overwhelmingly positive, with 100% of top-rated analysts currently rating AMZN as a Strong Buy or Buy. No analysts see it as a Hold, and no analysts either recommend or strongly recommend selling the stock.The consensus forecast among analysts is that AMZN's upcoming year will deliver earnings per share (EPS) of $4.06. If the analysts are correct, AMZN's next yearly EPS will be up by 37.7% on a year-over-year basis.Looking at the stock performance, since AMZN's last quarterly report on 2023/12/31, the stock price has increased by 20.7%. Year-over-year, the stock is up by an impressive 78.4%. During this period, AMZN has outpaced the S&P 500, which has seen a growth of 21.7%.Mark Kelley, the Stifel Nicolaus analyst behind the recent price target adjustment for Amazon, is highly regarded in the industry. WallStreetZen ranks Kelley in the top 2% out of 4,551 Wall Street analysts, with an average return of 48.4% and a 69.4% win rate. Kelley specializes in the Technology and Financial Services sectors, among others.Amazon.com, Inc. is a multinational retail giant that operates through three segments: North America, International, and Amazon Web Services (AWS). The company offers a wide range of consumer products and subscriptions through online and physical stores globally. In addition to its retail activities, Amazon manufactures and sells electronic devices such as Kindle, Fire tablets, and Echo. The company also provides various services, including fulfillment, advertising, and digital content subscriptions. With its extensive product offerings and services, Amazon serves a diverse range of customers, including consumers, sellers, developers, enterprises, content creators, and advertisers.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428684440"}