Analyst Brian White from Monness maintained a Buy rating on Amazon (AMZN – Research Report) and keeping the price target at $265.00.
Brian White has given his Buy rating due to a combination of factors that highlight Amazon’s strong financial performance and strategic positioning. Amazon reported impressive first-quarter results, with sales and earnings exceeding expectations. The company’s operating profit and margin were notably higher than anticipated, reflecting efficient cost management and robust revenue growth.
Furthermore, Amazon’s diverse business segments, such as its cloud services, digital advertising, and subscription services, continue to show promising growth. Despite some deceleration in AWS revenue, the overall expansion in international and North American markets, along with the acceleration in advertising services, supports a positive outlook. While regulatory challenges and trade uncertainties persist, Amazon’s ability to innovate and adapt positions it well for future success, justifying the Buy rating.
White covers the Technology sector, focusing on stocks such as Apple, Oracle, and Salesforce. According to TipRanks, White has an average return of 17.1% and a 64.12% success rate on recommended stocks.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $288.00 price target.