Justin Post, an analyst from Bank of America Securities, maintained the Buy rating on Amazon (AMZN – Research Report). The associated price target remains the same with $225.00.
Justin Post has given his Buy rating due to a combination of factors including Amazon’s strong projected performance in the first quarter, where sales and EBIT are expected to slightly exceed market expectations. Despite the challenges posed by tariffs, Amazon’s consumer segment has shown resilience, and the demand for AWS, particularly in AI, remains robust.
Additionally, Amazon’s strategic measures such as shifting supply chains and expanding its inbound network are seen as mitigating factors against tariff impacts. The company’s potential to benefit from new trade deals and its ability to capture market share in eCommerce and Cloud services further support the Buy rating. Moreover, Amazon’s valuation appears attractive compared to peers, with a compressed P/E multiple, indicating potential upside if trade uncertainties are resolved.
Post covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Alphabet Class C. According to TipRanks, Post has an average return of 20.7% and a 62.22% success rate on recommended stocks.
In another report released on April 24, JMP Securities also reiterated a Buy rating on the stock with a $240.00 price target.