Amazon.com Price Target Increased to $475.00 by Analysts at Deutsche Bank (AMZN)
Stock analysts at Deutsche Bank upped their target price on shares of Amazon.com (NASDAQ:AMZN) from $400.00 to $475.00 in a report issued on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 32.43% from the stock’s previous close.
A number of other firms have also recently commented on AMZN. Analysts at Citigroup Inc. cut their price target on shares of Amazon.com from $457.00 to $454.00 in a research note to investors on Friday. Separately, analysts at Cantor Fitzgerald cut their price target on shares of Amazon.com from $425.00 to $415.00 in a research note to investors on Friday. Finally, analysts at Benchmark Co. raised their price target on shares of Amazon.com from $400.00 to $500.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $414.81.
Shares of Amazon.com (NASDAQ:AMZN) traded down 11.00% during mid-day trading on Friday, hitting $358.69. 16,181,519 shares of the company’s stock traded hands. Amazon.com has a 1-year low of $245.75 and a 1-year high of $408.06. The stock’s 50-day moving average is $395.2 and its 200-day moving average is $341.4. The company has a market cap of $164.2 billion and a price-to-earnings ratio of 1460.18. Amazon.com also was the target of unusually large options trading activity on Thursday. Traders acquired 94,031 call options on the company. This represents an increase of 279% compared to the typical 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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