Analysts Offer Insights on Services Companies: Cracker Barrel (NASDAQ: CBRL) and Amazon (NASDAQ: AMZN)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Cracker Barrel (NASDAQ: CBRL) and Amazon (NASDAQ: AMZN).

Cracker Barrel (NASDAQ: CBRL)

Maxim Group analyst Stephen Anderson downgraded Cracker Barrel (NASDAQ: CBRL) to Hold today. The company’s shares opened today at $162.67, close to its 52-week high of $169.43.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 12.6% and a 75.4% success rate. Anderson covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Buffalo Wild Wings, and Cheesecake Factory.

Currently, the analyst consensus on Cracker Barrel is Hold and the average price target is $155, representing a -4.7% downside.

In a report issued on November 23, Telsey Advisory also reiterated a Hold rating on the stock with a $170 price target.
Amazon (NASDAQ: AMZN)

Citigroup analyst Mark May maintained a Buy rating on Amazon (NASDAQ: AMZN) today and set a price target of $960. The company’s shares opened today at $776.99.

According to TipRanks.com, May is a 5-star analyst with an average return of 9.3% and a 62.3% success rate. May covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Salesforce.com, and Bankrate Inc.

Currently, the analyst consensus on Amazon is Strong Buy and the average price target is $951.96, representing a 22.5% upside.

In a report issued on November 16, KeyBanc also reiterated a Buy rating on the stock with a $905 price target.