Topeka Capital Markets Increases Amazon.com Price Target to $485.00 (AMZN)
Equities research analysts at Topeka Capital Markets upped their target price on shares of Amazon.com (NASDAQ:AMZN) to $485.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. Topeka Capital Markets’ price objective would indicate a potential upside of 21.87% from the stock’s previous close.
AMZN has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Amazon.com in a research note to investors on Friday. Separately, analysts at Citigroup Inc. raised their price target on shares of Amazon.com from $381.00 to $457.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Amazon.com in a research note to investors on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $386.95.
Amazon.com (NASDAQ:AMZN) opened at 397.97 on Friday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $405.63. The stock has a 50-day moving average of $385.7 and a 200-day moving average of $325.5. The company has a market cap of $182.2 billion and a price-to-earnings ratio of 1444.89.
Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. Analysts expect that Amazon.com will post $0.73 EPS for the current fiscal year.
In other Amazon.com news, CFO Thomas Szkutak unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $400.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,121 shares in the company, valued at approximately $16,848,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.