Monness Believes Inc. (NASDAQ: AMZN) Won’t Stop Here

By Ryan Adsit

Monness analyst Brian White maintained a Buy rating on Inc. (AMZNResearch Report) on July 5 and set a price target of $2300. The company’s shares closed on Friday at $1942.91, close to its 52-week high of $2050.50.

According to, White is a top 25 analyst with an average return of 26.7% and a 76.2% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA,, and Alphabet Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Inc. with a $2243.71 average price target, implying a 15.5% upside from current levels. In a report issued on June 21, RBC Capital also reiterated a Buy rating on the stock with a $2300 price target.

See today’s analyst top recommended stocks >> Inc.’s market cap is currently $955.9B and has a P/E ratio of 81.11. The company has a Price to Book ratio of 19.75.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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