Credit Suisse Believes Amazon (NASDAQ: AMZN) Won’t Stop Here

By Carrie Williams

Credit Suisse analyst Stephen Ju maintained a Buy rating on Amazon (NASDAQ: AMZN) yesterday and set a price target of $1100. The company’s shares closed yesterday at $1003.74, close to its 52-week high of $1017.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 20.0% and a 74.4% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Boingo Wireless Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on Amazon is Strong Buy and the average price target is $1122.27, representing an 11.8% upside.

In a report issued on June 12, Piper Jaffray also reiterated a Buy rating on the stock with a $1200 price target.

Amazon’s market cap is currently $479.8B and has a P/E ratio of 188.88. The company has a book value ratio of 22.1366.

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