Piper Sandler Reiterates Overweight Rating on Amazon.com (AMZN), 'Continues to gain share'

Piper Sandler analyst Tom Champion reiterated an Overweight rating and $205.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst said: "AMZN is again the most widely used retailer among UI teens, improving to 61% from the prior surveys: 59% in Fall ’23, 57% in Spring ’23 & 52% in Fall ‘22. 85% of survey households have a Prime subscription, down slightly from prior surveys. Only 1% of teens voted Temu as their favorite retailer, suggesting AMZN still has a big lead. We continue to view Prime and Amazon Shopping as a dominant teen franchise."

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 $185.19 yesterday.

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