Amazon.com PT Raised to $420.00 at Sanford C. Bernstein (AMZN)
Stock analysts at Sanford C. Bernstein increased their price objective on shares of Amazon.com (NASDAQ:AMZN) from $375.00 to $420.00 in a report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 15.58% from the company’s current price.
Amazon.com (NASDAQ:AMZN) traded up 9.39% on Friday, hitting $363.39. The stock had a trading volume of 12,043,903 shares. Amazon.com has a one year low of $218.18 and a one year high of $313.62. The stock’s 50-day moving average is $294.1 and its 200-day moving average is $277.1. The company’s market cap is $166.0 billion.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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.
A number of other analysts have also recently weighed in on AMZN. Analysts at Atlantic Securities raised their price target on shares of Amazon.com from $325.00 to $430.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Amazon.com from $385.00 to $400.00 in a research note to investors on Friday. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $399.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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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