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Analysts Offer Insights on Consumer Cyclical Companies: WeRide (WRD) and Amazon (AMZN)

Tipranks - Tipranks - Fri May 15, 5:00AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on WeRide (WRD) and Amazon (AMZN) with bullish sentiments.

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WeRide (WRD)

In a report released today, Ming-Hsun Lee from Bank of America Securities reiterated a Buy rating on WeRide, with a price target of $11.80. The company’s shares closed last Wednesday at $7.65.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 14.4% and a 35.5% success rate. Lee covers the NA sector, focusing on stocks such as XPeng, Inc. ADR, Li Auto, and Nio. ;'>

WeRide has an analyst consensus of Strong Buy, with a price target consensus of $11.40.

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Amazon (AMZN)

Bank of America Securities analyst Justin Post maintained a Buy rating on Amazon yesterday and set a price target of $310.00. The company’s shares closed last Wednesday at $270.13.

According to TipRanks.com, Post is a 5-star analyst with an average return of 22.0% and a 63.7% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, DoorDash, and Expedia. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amazon with a $318.23 average price target, a 20.3% upside from current levels. In a report issued on April 28, Mizuho Securities also maintained a Buy rating on the stock with a $325.00 price target.

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