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

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BYD Co (BYDDF)

Barclays analyst Jiong Shao reiterated a Buy rating on BYD Co yesterday and set a price target of $22.00. The company’s shares closed last Thursday at $13.15.

According to TipRanks.com, Shao is a 4-star analyst with an average return of 6.3% and a 44.0% success rate. Shao covers the NA sector, focusing on stocks such as Trip.com Group Sponsored ADR, XPeng, Inc. ADR, and PDD Holdings. ;’>

Currently, the analyst consensus on BYD Co is a Strong Buy with an average price target of $16.40, implying a 23.8% upside from current levels. In a report issued on March 29, TipRanks – xAI also upgraded the stock to Buy with a HK$118.00 price target.

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Amazon (AMZN)

Jefferies analyst Brent Thill maintained a Buy rating on Amazon today and set a price target of $300.00. The company’s shares closed last Thursday at $233.65, close to its 52-week high of $242.52.

According to TipRanks.com, Thill is a 3-star analyst with an average return of 1.8% and a 48.2% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies. ;’>

Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $284.34, implying a 26.2% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to Buy with a $244.00 price target.

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