Amazon.com Given New $400.00 Price Target at Stifel Nicolaus (AMZN)
Stifel Nicolaus hoisted their price target on shares of Amazon.com (NASDAQ:AMZN) from $335.00 to $400.00 in a research note issued on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 20.41% from the stock’s previous close.
Shares of Amazon.com (NASDAQ:AMZN) traded up 9.72% during mid-day trading on Friday, hitting $364.50. The stock had a trading volume of 5,954,665 shares. Amazon.com has a 52 week low of $218.18 and a 52 week 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 $166.5 billion.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, October 24th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter 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 B. Riley raised their price target on shares of Amazon.com from $340.00 to $409.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of Amazon.com from $350.00 to $400.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Amazon.com from $330.00 to $425.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $357.73.
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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