Why Amazon Stock Topped the Market Today
Amazon (NASDAQ: AMZN) stock didn't have the most auspicious start in 2024, but investors seemed to be coming back to the e-commerce giant on Monday.
An investment bank launched coverage of the stock with a positive analyst note. This was reinforced by a media report highlighting the generally very bullish prognosticator view of the company. As a result, Amazon beat the S 500 index today with a nearly 3% price gain.
Before market open, BMO Capital's Brian Pitz initiated coverage of Amazon Monday with an outperform (buy) recommendation at a price target of $200 per share. That's not only 34% above the shares' current level, if met it would represent Amazon's all-time high price, adjusted for a series of stock splits.
Source Fool.com
Bank of Montreal Stock
€77.24
-0.130%
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 110 € there is a positive potential of 42.41% for Bank of Montreal compared to the current price of 77.24 €.
