Bernstein Analysts Give Amazon.com a $450.00 Price Target (AMZN)
Bernstein set a $450.00 price target on shares of Amazon.com (NASDAQ:AMZN) stock in a research note issued on Thursday. The firm currently has a a “positive” rating on the stock. Bernstein’s target price indicates a potential upside of 32.75% from the company’s current price.
Amazon.com (NASDAQ:AMZN) traded up 2.87% on Thursday, hitting $348.73. The stock had a trading volume of 2,825,194 shares. Amazon.com has a one year low of $284.38 and a one year high of $408.06. The stock’s 50-day moving average is $333.1 and its 200-day moving average is $331.6. The company has a market cap of $161.1 billion and a price-to-earnings ratio of 864.80.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, July 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Amazon.com will post $-0.14 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AMZN. Analysts at Jefferies Group reiterated a “positive” rating on shares of Amazon.com in a research note on Tuesday, August 26th. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Amazon.com in a research note on Wednesday, August 13th. They set a “hold” rating and a $330.00 price target on the stock. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $409.48.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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