Amazon.com PT Raised to $400.00 (AMZN)
Stock analysts at SunTrust upped their price target on shares of Amazon.com (NASDAQ:AMZN) from $370.00 to $400.00 in a report issued on Friday, Analyst Ratings Network reports. SunTrust’s price objective points to a potential upside of 20.41% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Agricole set a $370.00 price target on shares of Amazon.com in a research note to investors on Friday. Separately, 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. Finally, analysts at Deutsche Bank set a $400.00 price target on shares of Amazon.com in a research note to investors on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $353.61.
Amazon.com (NASDAQ:AMZN) opened at 354.61 on Friday. Amazon.com has a 1-year low of $218.18 and a 1-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 $162.0 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.09) earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted ($0.23) earnings per share. Amazon.com’s revenue was up 23.8% compared to the same quarter last year. On average, analysts predict that Amazon.com will post $0.87 earnings per share for the current fiscal year.
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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