Wall Street analysts are bullish on Amazon heading into earnings.
Here's how several analysts are trading Amazon ahead of its latest earnings report.
Bank of America is also bullish, maintaining its buy rating and $154 price target into earnings, which suggests roughly 20% upside.
"We continue to see an attractive set-up on the stock based on our Triple Trough Thesis (trough multiple, trough margin, and trough revenue growth).
On Monday, the firm reiterated its buy rating and $145 price target, which suggests 13% upside from Wednesday's close.
Persons:
StreetAccount, Morgan Stanley, Brian Nowak, Nowak, Lloyd Walmsley, Walmsley, Justin Post, Amazon's, Mark Mahaney's, Mahaney, — CNBC's Michael Bloom
Organizations:
Amazon Web Services, UBS, Bank of America, AWS, Triple, Citi
Locations:
1Q23