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Analysts Offer Insights on Consumer Cyclical Companies: Tesla (TSLA) and Amazon (AMZN)

Tipranks - Wed Apr 22, 3:54AM CDT

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

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Tesla (TSLA)

In a report released today, Alexander Perry from Bank of America Securities maintained a Buy rating on Tesla, with a price target of $460.00. The company’s shares closed last Monday at $392.50.

According to TipRanks.com, Perry is a 1-star analyst with an average return of -1.9% and a 39.8% success rate. Perry covers the NA sector, focusing on stocks such as Life Time Group Holdings, Penske Automotive Group, and Magna International. ;'>

Tesla has an analyst consensus of Hold, with a price target consensus of $403.13, representing a 0.1% upside. In a report issued on April 6, Robert W. Baird also maintained a Buy rating on the stock with a $538.00 price target.

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Amazon (AMZN)

William Blair analyst Dylan Carden maintained a Buy rating on Amazon today. The company’s shares closed last Monday at $248.28.

According to TipRanks.com, Carden is a 4-star analyst with an average return of 9.2% and a 54.2% success rate. Carden covers the NA sector, focusing on stocks such as Savers Value Village Inc., National Vision Holdings, and Brilliant Earth Group. ;'>

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $286.23, which is a 14.9% upside from current levels. In a report issued on April 9, TipRanks – OpenAI also upgraded the stock to Buy with a $244.00 price target.

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