'Resurrection Day': Amazon (AMZN) Stock Rallies on Raised Prime Pricing and Strong AWS Growth, Analysts Raise Numbers

Go back to 'Resurrection Day': Amazon (AMZN) Stock Rallies on Raised Prime Pricing and Strong AWS Growth, Analysts Raise Numbers

UPDATE: Amazon.com (AMZN) PT Raised to $4400 at Barclays (correction)

February 4, 2022 4:37 AM EST

(Updated - February 4, 2022 4:38 AM EST)

Barclays raised its price target on Amazon.com (NASDAQ: AMZN) to $4400.00 (from $3,800.00) while maintaining a Overweight rating.

The analyst comments "AMZN reported revenue in-line and OI $1bn above consensus and guided 1Q OI well above buyside expectations. AWS was the star performer accelerating for the 4th consecutive print. While Retail revenue growth will remain challenged for a few more months, the business is turning the corner on profitability, which sets the stage for a big swing in investor sentiment. Amazon increasing Prime and FBA... More

UPDATE: Amazon.com (AMZN) PT Raised to $4,500 at JPMorgan, Top Idea

February 4, 2022 4:21 AM EST

(Updated - February 4, 2022 4:21 AM EST)

JPMorgan analyst Doug Anmuth raised the price target on Amazon.com (NASDAQ: AMZN) to $4,500.00 (from $4,350.00) while maintaining a Overweight rating.

The analyst comments "Against a tough macro & e-comm backdrop, AMZN delivered solid 4Q retail performance & strong... More

Amazon.com (AMZN) PT Lowered to $4,200 at Canaccord Genuity

February 4, 2022 4:15 AM EST

Canaccord Genuity analyst Maria Ripps lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,200.00 (from $4,400.00) while maintaining a Buy rating.... More

Amazon.com (AMZN) PT Raised to $4,625 at UBS

February 4, 2022 4:06 AM EST

UBS analyst Kunal Madhukar raised the price target on Amazon.com (NASDAQ: AMZN) to $4,625.00 (from $4,550.00) while maintaining a Buy rating.

The analyst comments "We remain constructive on Amazon shares following a solid 4Q with a better than feared outlook, particularly around... More

UPDATE: Amazon.com (AMZN) PT Raised to $4,200 at Wolfe Research, Reiterated Top Pick

February 4, 2022 3:41 AM EST

(Updated - February 4, 2022 4:08 AM EST)

Wolfe Research analyst Deepak Mathivanan raised the price target on Amazon.com (NASDAQ: AMZN) to $4,200.00 (from $4,100.00) while maintaining a Outperform rating.

The analyst comments "AMZN reported 4Q revenues and OI, 2% and $1.7B above our... More

UPDATE: Amazon.com (AMZN) PT Raised to $3,950 at Raymond James

February 4, 2022 3:36 AM EST

(Updated - February 4, 2022 4:05 AM EST)

Raymond James analyst Aaron Kessler raised the price target on Amazon.com (NASDAQ: AMZN) to $3,950.00 (from $3,840.00) while maintaining a Outperform rating.

The analyst comments "We maintain our Outperform rating and increase our PT to $3,950. Amazon reported... More

UPDATE: Amazon.com (AMZN) PT Raised to $4,200 at Goldman Sachs

February 4, 2022 1:03 AM EST

(Updated - February 4, 2022 4:28 AM EST)

Goldman Sachs analyst Eric Sheridan raised the price target on Amazon.com (NASDAQ: AMZN) to $4,200.00 (from $4,100.00) while maintaining a Buy rating.

The analyst comments "AMZNs Q4 21 earnings report produced a solid set of results and... More