Amazon.com Given a $370.00 Price Target by Credit Agricole Analysts (AMZN)
Credit Agricole set a $370.00 price target on shares of Amazon.com (NASDAQ:AMZN) stock in a research note issued on Friday, ARN reports. Credit Agricole’s price target suggests a potential upside of 11.38% from the company’s current price.
Shares of Amazon.com (NASDAQ:AMZN) opened at 332.21 on Friday. Amazon.com has a one year low of $218.18 and a one year high of $313.62. The stock has a 50-day moving average of $294.1 and a 200-day moving average of $277.1. The company’s market cap is $151.8 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.09). The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.77 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. The company’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that Amazon.com will post $0.87 earnings per share for the current fiscal year.
A number of other firms have also recently commented on AMZN. Analysts at Credit Suisse reiterated a “market perform” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $439.00 price target on the stock, up previously from $330.00. Separately, analysts at Deutsche Bank set a $400.00 price target on shares of Amazon.com in a research note to investors on Friday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Amazon.com from $335.00 to $400.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $351.67.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
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