Amazon.com Price Target Raised to $460.00 at Goldman Sachs Group Inc. (AMZN)
Investment analysts at Goldman Sachs Group Inc. raised their price objective on shares of Amazon.com (NASDAQ:AMZN) from $450.00 to $460.00 in a note issued to investors on Friday, StockRatingsNetwork.com reports. Goldman Sachs Group Inc.’s target price points to a potential upside of 28.24% from the company’s current price.
A number of other analysts have also recently weighed in on AMZN. Analysts at Deutsche Bank raised their price target on shares of Amazon.com from $400.00 to $475.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $414.81.
Amazon.com (NASDAQ:AMZN) traded down 11.00% on Friday, hitting $358.69. The stock had a trading volume of 16,181,519 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 $395.2 and a 200-day moving average of $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 recipient of unusually large options trading on Thursday. Investors bought 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 EPS for the quarter, missing the Thomson Reuters 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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