Wall Street analyst raises Amazon price target to $235, expects 37% gain

From Nasdaq: 2024-04-26 04:09:00

Amazon’s first-quarter earnings report isn’t due until April 30, but Citi analyst Ronald Josey has already raised the price target on the stock to $235 per share. He projects a 10% operating margin in 2025, leading to a potential 37% gain for investors over the next 12 months.

Josey is bullish on Amazon’s North American retail business, anticipating a significant increase in profitability. The post-pandemic regionalization solutions are expected to boost efficiency and support the margin expansions projected by Citi. However, the stock is considered risky due to its high valuation.

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Read more at Nasdaq: 1 Wall Street Analyst Thinks Amazon Stock Is Going to $235. Is It a Buy at Around $180?