D.A. Davidson Believes Amazon (NASDAQ: AMZN) Won’t Stop Here

By Ryan Adsit

In a report released today, Tom Forte from D.A. Davidson maintained a Buy rating on Amazon (NASDAQ: AMZN), with a price target of $2100. The company’s shares closed yesterday at $1704.86, close to its 52-week high of $1714.50.

According to TipRanks.com, Forte is a 5-star analyst with an average return of 13.0% and a 58.1% success rate. Forte covers the Services sector, focusing on stocks such as Overstockcom, Wayfair Inc, and EVINE Live.

Currently, the analyst consensus on Amazon is Strong Buy and the average price target is $1874.79, representing a 10.0% upside.

In a report issued on June 4, SunTrust Robinson also maintained a Buy rating on the stock with a $2000 price target.

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The company has a one-year high of $1714.50 and a one-year low of $931.75. Currently, Amazon has an average volume of 4.85M.

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