Analyst predicts Amazon stock will reach $204, recommending buying

From Nasdaq: 2024-04-08 14:10:00

Amazon’s offline operations are thriving, according to an analyst who sees a 10% upside in stock price. The company is phasing out Just Walk Out technology in Fresh stores in favor of Dash Carts, focusing on customer-friendly features and potential ad revenue.

Amazon stock is still a buy despite Fresh stores not being a major revenue center yet. Analyst Justin Post reiterated his price target at $204 per share, citing other reasons to invest in Amazon like AWS. Consider other investment options as well based on Motley Fool’s recommendations for the best stocks to buy now.

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Read more at Nasdaq: 1 Wall Street Analyst Thinks Amazon Stock Is Going to $204. Is It a buy?