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Several investment firms have updated their stock ratings and price targets on shares of Amazon.com (NASDAQ: AMZN) in the last week:

  • Amazon.com is now covered by analysts at Citigroup Inc.. They set an “in-line” rating on the stock.
  • Amazon.com had its price target lowered by analysts at Canaccord Genuity from $365.00 to $340.00. They now have a “hold” rating on the stock.
  • Amazon.com had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $340.00 price target on the stock, down previously from $365.00.
  • Amazon.com had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $340.00 price target on the stock, down previously from $350.00.
  • Amazon.com had its price target lowered by analysts at RBC Capital from $400.00 to $380.00. They now have an “outperform” rating on the stock.
  • Amazon.com was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • Amazon.com had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $435.00 price target on the stock, down previously from $450.00.
  • Amazon.com was downgraded by analysts at CRT Capital from a “buy” rating to a “fair value” rating. They now have a $350.00 price target on the stock, down previously from $390.00.
  • Amazon.com had its “underperform” rating reaffirmed by analysts at Zacks. They now have a $326.00 price target on the stock. Zacks‘ analyst wrote, “Amazon.com is one of the largest online retailers in the world. Amazon’s second quarter loss was greater than the Zacks Consensus Estimate. Also, the business is getting more competitive and margins even thinner. The forward guidance was below seasonality but roughly in line with street estimates. Aggressive pricing actions are expected to continue as Amazon goes all out to attract consumers to its platforms. We remain encouraged by the company’s strong cash flow generation. We believe that current investments are supported by a strong balance sheet but growing uncertainty about when current investments may be recovered lead us to maintain our Underperform rating.”
  • Amazon.com was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating. They now have a $400.00 price target on the stock, down previously from $420.00.
  • Amazon.com was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. 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. They noted that the move was a valuation call.
  • Amazon.com had its price target lowered by analysts at Telsey Advisory Group from $414.00 to $390.00. They now have a “not rated” rating on the stock.
  • Amazon.com had its price target lowered by analysts at Topeka Capital Markets from $430.00 to $395.00. They now have a “buy” rating on the stock.

Amazon.com, Inc. (NASDAQ:AMZN) traded up 2.15% on Monday, hitting $313.65. 4,199,538 shares of the company’s stock traded hands. Amazon.com, Inc. has a 52-week low of $279.33 and a 52-week high of $408.06. The stock’s 50-day moving average is $334.4 and its 200-day moving average is $339.4. The company has a market cap of $144.9 billion and a price-to-earnings ratio of 783.32.

Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.

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