Analysts following Amazon.com, Inc. (AMZN) expect an average increase of 24.92% over the next twelve months. These same analysts give the stock an average rating from Strong Buy.
This average rating gives AMZN an analyst ranking of 78, which means that it ranks above 78 stocks, based on data compiled by Investor Observer.
Why are analyst ratings important?
You can learn a lot about a business by looking at its financial statements and comparing them to other businesses. However, analysts who cover an industry in depth can add even more to your research. They usually follow a particular sector or industry very closely. They also pay attention and ask questions about results conference calls and other events where they could learn from the information that appears in the numbers.
Investor Observer takes the average score of these analysts, then the percentile ranks these averages. This allows you to compare stocks in a much more granular way than just seeing the typical five-level rating system used on most of Wall Street.
What’s going on with Amazon.com, Inc. today?
Amazon.com, Inc. (AMZN) is trading at $ 1,922.40 at 2:54 p.m. on Tuesday March 24, a gain of $ 19.57, or 1.03% over the previous closing price of 1902.83. $. So far, the stock has traded between $ 1,900.34 and $ 1,955.00. The volume is today 4,987,508 against an average volume of 6,535,304.