Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amazon Stock Rallied Tuesday Morning

TheMotleyFool

0 0

Why Amazon Stock Rallied Tuesday Morning: https://g.foolcdn.com/editorial/images/757240/an-excited-investor-looks-at-financial-charts-on-computer.jpg

Shares of Amazon (NASDAQ: AMZN) climbed higher on Tuesday, adding as much as 2.6%. As of 1:41 p.m. ET, the stock was still up 1.2%.

The catalyst that sent the e-commerce titan higher was a bullish take from a Wall Street analyst.

Analysts at Bernstein named Amazon the firm's "Best Idea for 2024," according to online investment publication The Fly. The analysts maintained an outperform (buy) rating and a $175 price target on the shares, which suggests additional upside potential of 21% compared to Monday's closing price.

Source Fool.com