Amazon Stock: Headed to $4,100?
Shares of Amazon (NASDAQ: AMZN) fell a few percentage points on Monday morning, following an analyst's move to cut his price target for the stock. Interestingly, however, the analyst's lowered price target for shares still represents significant upside from where the stock is trading today, illustrating how bullish some analysts are on the company. Indeed, even after this analyst lowered his price target, he is still maintaining an overweight rating on shares (the equivalent of a buy rating). Further, the last six analysts to rate the stock have given it buy ratings (or an equivalent of some sort).
Here's a look at how even a downgraded outlook for Amazon stock from one analyst is still a bullish one.
Image source: Amazon.com.
Source Fool.com
