Amazon (NASDAQ: AMZN) stock is gaining in Tuesday's trading. The e-commerce and cloud-computing giant's share price ended the daily session up 2.1%, according to data from S&P Global Market Intelligence.

Amazon stock enjoyed solid bullish momentum today thanks to positive coverage from analysts. A research note published by JMP Securities reported that the e-commerce leader had set new records with its recent Prime Day event. In addition, Morgan Stanley raised its price target on the stock.

JMP Securities estimates that the total amount of goods sold across Amazon's e-commerce market increased between 11% and 12.7% for its annual Prime Day event, which ran July 16 and July 17. The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.

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Source Fool.com