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A couple of analysts raise expectations for Amazon days before earnings

July 22, 2019


Two Wall Street analysts are betting big on Amazon’s quarterly report later this week by hiking their price targets on the e-commerce giant.

Deutsche Bank analyst Lloyd Walmsley raised his 12-month price target on Amazon to $2,515 per share from $2,315. Walmsley’s new price target implies a 28% upside for Amazon and is one of the five highest among analysts, according to FactSet. KeyBanc Capital Markets analyst Edward Yruma raised his price target to $2,200 per share from $2,100, implying an upside of nearly 7% from Friday’s close.

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