These Analysts Boost Their Forecasts On Amazon Following Upbeat Q1 Results

Core Insights - Amazon.com Inc reported first-quarter net sales of $155.7 billion, a 9% year-over-year increase, surpassing the consensus estimate of $155.04 billion [1] - The company achieved earnings per share of $1.59, exceeding the consensus estimate of $1.36 [1] - Amazon expects second-quarter net sales to range between $159 billion and $164 billion, reflecting a growth of 7% to 11% [2] Analyst Reactions - Rosenblatt analyst Barton Crockett maintained a Buy rating on Amazon and raised the price target from $287 to $288 [7] - JP Morgan analyst Doug Anmuth also maintained an Overweight rating, increasing the price target from $220 to $225 [7] - Needham analyst Laura Martin reiterated a Buy rating with a maintained price target of $220 [7] Stock Performance - Following the earnings announcement, Amazon shares rose by 3.1%, closing at $190.20 [2]