Why These 5 Stocks Are on the Move on Friday

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1. Amazon.com, Inc. (NASDAQ:AMZN) has gained more than 0.6% as of 11:19 AM ET. Lee Horowitz at Deutsche Bank initiated coverage on Amazon.com, Inc. (NASDAQ:AMZN) with a Buy rating and a target price of $4,200. The target price is more than 43% higher than the last closing price. The analyst thinks that Amazon.com, Inc. (NASDAQ:AMZN)  is expected to undergo strong growth in revenue due to its grocery business and Amazon Web Services (AWS). He termed the stock as a “highly compelling risk/reward opportunity” in the present market situation. At the end of Q4 2021, 279 hedge funds held a stake in Amazon.com, Inc. (NASDAQ:AMZN), up from 242 in the preceding quarter.

You can also take a peek at the 10 Cheap Pharmaceutical Stocks For 2022 and Billionaire Paul Singer’s 10 Best Dividend Stocks.

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