Amazon.com (AMZN) continues to build on market leadership, Piper reaffirms Overweight

Piper Sandler analyst Tom Champion reiterated an Overweight rating and $123.00 price target on Amazon.com (NASDAQ: AMZN).

"AMZN is again the most widely used retailer among teens, improving to 57% of respondents saying AMZN is their favorite online retailer from 52% in Fall ‘22. 87% of U.S. households have a Prime subscription, up ~2% from Fall ‘22. We continue to view Prime and Amazon Shopping as a dominant teen franchise."

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $102.41 yesterday.

You May Also Be Interested In

• Amazon launches Alexa+ across Canada
• McGraw Hill (MH) PT Lowered to $19 at BTIG
• Generac Holdings (GNRC) PT Raised to $335 at UBS on durability and visibility of earnings trajectory