FMP

FMP

Enter

Amazon Maintained as a Buy Stock at Monness Crespi & Hardt

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Analysts at Monness, Crespi & Hardt maintained their Buy rating and set a $170 price target for Amazon (NASDAQ:AMZN) in a recent note.

The analysts observe that Amazon is approaching the end of its most challenging season and has various strategies to utilize in 2024. The firm anticipates that Amazon's stock performance in the near term will be influenced by consumer spending trends during the holiday season.

However, the analysts emphasized that Amazon benefits from more lasting factors. These include the positive impact of bold efficiency measures implemented this year and the exploration of significant new opportunities across its diverse portfolio.

The analysts believe Amazon is well-placed to capitalize on digital transformation, excel in cloud computing, innovate with AI, engage in emerging healthcare ventures, and benefit from a more streamlined cost structure.

Despite these optimistic views, they cautioned that regulatory challenges continue to be a factor and warned that the most difficult phase of the current economic downturn may still lie ahead.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep