Morgan Stanley Sticks to Their Buy Rating for Amazon (AMZN)

Morgan Stanley analyst Brian Nowak reiterated a Buy rating on Amazon (AMZN – Research Report) today and set a price target of $250.00. The company’s shares closed today at $207.91.

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According to TipRanks, Nowak is a 5-star analyst with an average return of 6.0% and a 60.24% success rate. Nowak covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $241.64, which is a 16.22% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $240.00 price target.

AMZN market cap is currently $2183.9B and has a P/E ratio of 33.80.