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-0.000592868637249128 -0.00215126619801809 -0.00212162276615576 0 0.0017066147200812 0.00343440332006442 0.00318573727449826 0.00540060980774124
Stock impact report

Amazon's stock rallies after Wedbush boosts price target a week before earnings [MarketWatch]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
Shares of Amazon.com Inc. rallied 2.2% in morning trading Wednesday, after Wedbush analyst Michael Pachter raised his stock price target close to the fourth highest on Wall Street, a week before the e-commerce giant reports first-quarter earnings. Pachter reiterated his outperform rating and lifted his price target by 18% to $2,750, which is 16% above current levels. "Consumers are clearly spending more of their time and money shopping online in order to avoid crowds, driving the supply shortages and delivery delays on non-essential items that Amazon has disclosed in recent weeks," Pachter wrote in a note to clients. He said while consumers may be disappointed that Amazon hasn't effectively managed the increased demand amid the COVID-19 pandemic, he views the unexpected surge in demand to be a "high-class problem." Amazon is scheduled to report first-quarter results on April 30. Pachter is now the fourth-most bullish of the 47 analysts surveyed by FactSet, Joseph Feldman of Telsey Adv Show less Read more
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