Analysts predict Amazon (AMZN) stock price in next 12 months

Unlike many other major technology companies, Amazon (NASDAQ: AMZN ) has, so far, evaded the worst of the early October stock market sell-off, and the latest Wall Street rating revisions indicate the equity’s success is likely to grow larger in the next 12 months. Specifically, Morgan Stanley (NYSE: MS ) analyst Brian Nowak issued a ‘Buy’ recommendation for AMZN shares on October 19, while also raising his price target from $335 – 27.64% above the latest close at $262.45 – to $350, for a 33.36% predicted upside.

Source: Finbold