Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength.
Heading into Amazon's earnings announcement, some of the biggest firms were optimistic on the company's growth potential.
Anmuth has an overweight rating and price target of $180 on shares, suggesting the stock could jump more than 48%.
The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close.
Bank of America says more room for growth ahead Bank of America analyst Justin Post reiterated his buy rating while raising his price target to $154.
Persons:
Doug Harrington, Doug Anmuth, Anmuth, Ronald Josey, Mark Mahaney, Morgan Stanley, Amazon Morgan Stanley, Justin Post, Michael Bloom
Organizations:
Deal, Amazon, Amazon Web Services, JPMorgan, Citi, " Bank of America, Bank of America
Locations:
Echo, India