Is Amazon Stock Going to $265? 1 Wall Street Analyst Thinks So.
AMZNAmazon(AMZN) The Motley Fool·2024-10-03 04:59

One Truist analyst believes there is 42% upside in Amazon's stock at today's prices.On Monday, Truist analyst Youssef Squali reiterated his buy rating on tech juggernaut Amazon (AMZN -0.20%), raising his price target from 230to230 to 265. That target implies 43% price appreciation over the next 12 months.Based on Truist card data tied to Amazon's U.S. revenue, Squali thinks the company is on track to meet or exceed sales guidance for the third quarter. With analysts expecting 10% revenue growth in the upcoming ...