Read Rosenblatt’s Take on Amazon

The Amazon logo on the opening day of a new distribution center in Augny, near Metz, eastern France on Sept. 23, 2021. Sebastien Bozon/AFP via Getty Images

Rosenblatt analyst Barton Crockett updated Amazon.com Inc. for the 20–1 share split completed on June 6.

Crockett also reduced its split-adjusted PT by 26 percent to $107, near current trading levels. He reiterated a Neutral rating.