We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks discussed by Jim Cramer
Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 9.5% over the past year and by 7.6% year-to-date. Bank of America discussed the firm on July 7th as it raised the share price target to $165 from $145 and kept a Buy rating on the shares. The bank remarked that Amazon.com, Inc. (NASDAQ:AMZN)’s sell-through appeared to be accelerating due to the recent Prime Day event.
The next day, TD Cowen commented on the stock. It outlined that Amazon.com, Inc. (NASDAQ:AMZN)’s second quarter revenue could sit at $200 billion due to faster cloud computing growth. The firm trimmed the share price target to $340 from $350 and kept a Buy rating on the stock.