Amazon (AMZN) rose 1.5% on Monday after Merill Lynch and Wells Fargo, among others, lifted the price target on the stock. The analysts’ optimism comes ahead of the company’s 2Q earnings on July 30. Amazon has benefited from an online user boom helping its shares surge over 65% so far this year.Merrill Lynch analyst Justin Post raised the price target to $3,280 (7.4% upside potential) from $3,000. Meanwhile, Wells Fargo analyst Brian Fitzgerald hiked it to $3,600 from $3,000.Wedbush analyst Michael Pachter lifted the price target to $3,500 from $3,050. Pachter believes that “Covid-19 and the stay-at-home response for many …read more
Source:: Yahoo Finance
