Wall Street sets Amazon stock price target for next 12 months

After taking a beating in the stock market through the last 30 days, Amazon (NASDAQ: AMZN) received something of an institutional boost on February 18 when Bernstein confirmed its bullish outlook for the blue-chip.Specifically, analyst Mark Shmulik reiterated his previous ‘Buy’ rating for AMZN shares while setting the 12-month price target for the e-commerce and technology equity at $265 – 30% above the press time level at $203.59.The forecast is particularly important since Bernstein downgraded its price p ...