(AMZN) PT Raised to $5,500 at Susquehanna

April 30, 2021 6:02 AM EDT
Get Alerts AMZN Hot Sheet
Price: $3,327.59 -7.56%

Rating Summary:
    55 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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Susquehanna analyst Shyam Patil raised the price target on (NASDAQ: AMZN) to $5,500.00 (from $5,200.00) while maintaining a Positive rating.

The analyst commented, "We remain Positive on Amazon. Business trends remain strong and should continue to do so throughout 2021. Paid units growth was extremely strong again at 44% y/y, surprisingly only decelerating three points after a huge holiday season in 4Q. The 2Q guide was also nicely above expectations for revenue and profitability, partially driven by moving Prime Day to 2Q. Ultimately, we see AMZN as a long-term secular grower underpinned by its strong eCommerce, cloud, and advertising businesses."

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