Stifel Reiterates Buy Rating on Amazon.com (AMZN), Sees Deal Expanding Co's Reach and Services of Amazon Care

Stifel analyst Scott Devitt reiterated a Buy rating and {REMOVEPT} price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "We believe this acquisition will help expand the reach and services offered by Amazon Care. Amazon recently expanded its virtual care services across the U.S. with 24/7 availability. Amazon's in-person services are available in five cities, with plans to expand to fifteen more throughout the year. We view this acquisition as an interesting opportunity for Amazon to expand Amazon Care, with potential opportunity to add Care services to the Prime membership."

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $122.77 yesterday.

You May Also Be Interested In

• Amazon (AMZN) call put ratio 2.2 calls to 1 put
• Craig-Hallum Upgrades Backblaze Inc (BLZE) to Buy
• Indiana regulator approves NiSource-Amazon data center agreements