Amazon (AMZN) Gets $225 Target From Bank of America: Here's Why
Since early April, the US stock market has certainly struggled. That hadn’t changed to start this week, as Monday saw the Wall Street sell-off continue. Yet, that hasn’t stopped analysts from expecting things to turn around in the medium term. Subsequently, Amazon (AMZN) has gotten a new $275 price target from Bank of America. The e-commerce juggernaut has long been one of the most promising tech stocks to buy. However, its appeal has certainly lessened amid the state of the stock market currently. Still, its fundamentals and potential in key areas may be enough to fuel the stock amid an uncertain future. Source: Reuters / Andrew Kelly Also Read: Magnificent 7: These Two Stocks Are Best Bargain Buys in April Amazon Gets New Price Target: What to Expect From Shares Amid Struggling Market The state of the stock market continued to be concerning after it opened from a three-day weekend on Monday. Specifically, the Dow Jones Industrial Index dropped another 1,200 points to start...