RBC Capital Lowers Amazon.com Price Target to $380.00 (AMZN)
Research analysts at RBC Capital dropped their target price on shares of Amazon.com (NASDAQ:AMZN) from $400.00 to $380.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 17.28% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets cut their price target on shares of Amazon.com from $430.00 to $395.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at B. Riley downgraded shares of Amazon.com from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $350.00 price target on the stock, down previously from $425.00. They noted that the move was a valuation call. Finally, analysts at CRT Capital downgraded shares of Amazon.com from a “buy” rating to a “fair value” rating in a research note on Friday. They now have a $350.00 price target on the stock, down previously from $390.00. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $406.77.
Shares of Amazon.com (NASDAQ:AMZN) opened at 324.01 on Friday. Amazon.com has a one year low of $279.33 and a one year high of $408.06. The stock’s 50-day moving average is $336.3 and its 200-day moving average is $342.. The company has a market cap of $149.1 billion and a P/E ratio of 559.45.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, July 24th. The company reported ($0.24) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.10. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter last year, the company posted ($0.02) earnings per share. Amazon.com’s revenue was up 23.2% compared to the same quarter last year. Analysts expect that Amazon.com will post $1.05 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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