Amazon.com Price Target Raised to $405.00 at Topeka Capital Markets (AMZN)
Research analysts at Topeka Capital Markets hoisted their price objective on shares of Amazon.com (NASDAQ:AMZN) from $350.00 to $405.00 in a report released on Friday, AR Network reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target would suggest a potential upside of 11.45% from the stock’s previous close.
Shares of Amazon.com (NASDAQ:AMZN) traded up 9.39% on Friday, hitting $363.39. 12,043,903 shares of the company’s stock traded hands. 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 $166.0 billion.
Amazon.com (NASDAQ:AMZN) last announced its 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. 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 Susquehanna raised their price target on shares of Amazon.com from $370.00 to $385.00 in a research note to investors on Friday. They now have a “positive” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Amazon.com from $331.00 to $430.00 in a research note to investors on Friday. Finally, analysts at Pacific Crest raised their price target on shares of Amazon.com from $330.00 to $405.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price 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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