Analysts Offer Insights on Services Companies: Golar LNG Limited (NASDAQ: GLNG) and Amazon (NASDAQ: AMZN)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Golar LNG Limited (NASDAQ: GLNG) and Amazon (NASDAQ: AMZN) with bullish sentiments.

Golar LNG Limited (NASDAQ: GLNG)

In a report released yesterday, Ken Hoexter from Merrill Lynch reiterated a Buy rating on Golar LNG Limited (NASDAQ: GLNG), with a price target of $30. The company’s shares opened today at $25.27, close to its 52-week high of $26.49.

According to TipRanks.com, Hoexter is a 4-star analyst with an average return of 4.1% and a 51.7% success rate. Hoexter covers the Services sector, focusing on stocks such as Triton International Limited, Navios Maritime Midstream, and Knight Transportation.

Currently, the analyst consensus on Golar LNG Limited is Strong Buy and the average price target is $37.50, representing a 48.4% upside.

In a report issued on November 23, Seaport Global also initiated coverage with a Buy rating on the stock with a $35 price target.
Amazon (NASDAQ: AMZN)

Merrill Lynch analyst Justin Post reiterated a Buy rating on Amazon (NASDAQ: AMZN) today and set a price target of $960. The company’s shares opened today at $752.41.

According to TipRanks.com, Post is a top 100 analyst with an average return of 15.2% and a 71.1% success rate. Post covers the Technology sector, focusing on stocks such as Activision Blizzard, Angie’s List Inc., and TripAdvisor Inc.

Currently, the analyst consensus on Amazon is Strong Buy and the average price target is $951.15, representing a 26.4% upside.

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