Stifel Reiterates Buy Rating on Amazon.com (AMZN), Sees Deal Expanding Co's Reach and Services of Amazon Care
Stifel analyst Scott Devitt reiterated a Buy rating and {REMOVEPT} price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "We believe this acquisition will help expand the reach and services offered by Amazon Care. Amazon recently expanded its virtual care services across the U.S. with 24/7 availability. Amazon's in-person services are available in five cities, with plans to expand to fifteen more throughout the year. We view this acquisition as an interesting opportunity for Amazon to expand Amazon Care, with potential opportunity to add Care services to the Prime membership."
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Shares of Amazon.com closed at $122.77 yesterday.