https://www.tipranks.com/news/time-to-pull-the-trigger-says-scott-devitt-about-amazon-stock
“We think investors should take advantage of this period of relative underperformance,” the analyst summed up, giving AMZN an Outperform (i.e. Buy) rating with a $225 price target. If Devitt’s forecast is accurate, investors could see a 22% gain over the next year. (To watch Devitt’s track record, click here)
That’s hardly a controversial take on Wall Street with 44 other analysts joining Devitt in the bull camp, all pitted against just 2 Holds, resulting in a Strong Buy consensus rating. The average target stands at $224.38, closely mirroring the Wedbush analyst’s objective.
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