Amazon.com Price Target Increased to $355.00 by Analysts at Macquarie (AMZN)
Stock analysts at Macquarie increased their target price on shares of Amazon.com (NASDAQ:AMZN) from $325.00 to $355.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective points to a potential downside of 2.31% from the company’s current price.
Amazon.com (NASDAQ:AMZN) traded up 9.39% during mid-day trading on Friday, hitting $363.39. The stock had a trading volume of 12,043,903 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 $166.0 billion.
Amazon.com (NASDAQ:AMZN) last released its earnings data 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. Analysts expect that Amazon.com will post $0.87 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $285.00 to $340.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Amazon.com from $347.00 to $423.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Amazon.com from $300.00 to $365.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $374.20.
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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