Amazon.com PT Raised to $475.00 (AMZN)
Stock analysts at Pacific Crest lifted their price objective on shares of Amazon.com (NASDAQ:AMZN) from $460.00 to $475.00 in a report issued on Monday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Pacific Crest’s price objective suggests a potential upside of 32.43% from the company’s current price.
A number of other analysts have also recently weighed in on AMZN. Analysts at Zacks upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a $477.00 price target on the stock. Separately, analysts at FBN Securities initiated coverage on shares of Amazon.com in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Monday, January 13th. They now have a $465.00 price target on the stock, up previously from $400.00. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $414.81.
Amazon.com (NASDAQ:AMZN) traded down 11.00% during mid-day trading on Monday, hitting $358.69. The stock had a trading volume of 16,179,793 shares. Amazon.com has a 52-week low of $245.75 and a 52-week high of $408.06. The stock has a 50-day moving average of $395.9 and a 200-day moving average of $341.0. The company has a market cap of $164.2 billion and a price-to-earnings ratio of 1460.18. Amazon.com also was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 94,031 call options on the company. This is an increase of 279% compared to the average daily volume of 24,791 call options.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $2.66 EPS 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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