by Das Brain
Today RBC Capital raised the price target of Amazon to $75. The stock today jumped up $1.80 or 2.64% to the currently traded stock price of $69.99.
Read the original article below:
Amazon target price raised by RBC Capital
With Amazon’s earnings report 22 business days away, I can see why RBC Capital is coming out with the raise in target stock price. I have already opened up positions in Amazon (AMZN) with ITM (In The Money) call options expiring in October, and strike price of $67.50.
Let’s see if Amazon will hit close to $75 by October. Personally, I like Amazon (AMZN). With Amazon’s expansion into China with JoJo Amazon, and its extremely strong online music sales, I anticipate that next quarter it should do well.
Please read my Disclaimer.
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