- Bernstein just raised its rating on Amazon from ‘market perform’ to ‘outperform.’
- Every major analyst is now bullish on the e-commerce giant.
- Amazon is benefiting from the shift to e-commerce.
After plunging to a low of $1,626.03 on March 16, Amazon stock has had a fantastic rally. Shares soared by 118% to hit $3,552.25 on September 2. The e-commerce giant started to dive the following day amid a larger mega-cap tech selloff that dragged down the entire stock market. Shares are down 13% for the month.
Amazon Stock Will Have Another Bull Run
If you missed Amazon’s March madness, you have another chance to make big money with the e-commerce stock, analysts say.
Amazon jumped more than 2% Tuesday after Bernstein upgraded its rating to ‘outperform’ from ‘market perform.‘ According to Tipranks.com, all 36 major analysts now have a buy rating on the company.
Bernstein says Amazon’s pullback is an attractive …