Amazon shares are on track to grow profits again after a rocky start to 2024, analysts say. Will the record high from more than two years ago finally be broken again?
About 97 percent of the of Bloomberg Analysts recorded recommend buying Amazon shares. Bank of America, Citigroup, Deutsche Bank, Goldman Sachs and JPMorgan are among the companies naming the company their top e-commerce or internet stock for 2024, while Oppenheimer and Roth MKM rank the company among their favorites choose the large caps.
This bullish consensus could set off alarm bells for some market participants, especially after the stock rose 81 percent last year, the most since 2015.
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