Amazon.com (NASDAQ: AMZN) has recently received a number of price target changes and ratings updates:

  • 10/20/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $1,250.00 price target on the stock.
  • 10/20/2017 – Amazon.com was given a new $1,200.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 10/19/2017 – Amazon.com was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $1,108.87 price target on the stock.
  • 10/17/2017 – Amazon.com had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/13/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Atlantic Securities.
  • 10/13/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $1,100.00 price target on the stock.
  • 10/11/2017 – Amazon.com had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $1,350.00 price target on the stock, up previously from $1,100.00.
  • 10/11/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $1,200.00 price target on the stock.
  • 10/10/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,150.00 price target on the stock.
  • 10/10/2017 – Amazon.com was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $1,088.80 price target on the stock.
  • 10/2/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $1,190.00 price target on the stock.
  • 10/2/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $1,200.00 price target on the stock.
  • 9/28/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1,150.00 price target on the stock.
  • 9/26/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $1,250.00 price target on the stock.
  • 9/26/2017 – Amazon.com had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $1,400.00 price target on the stock.
  • 9/25/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/21/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Argus. They now have a $1,150.00 price target on the stock.
  • 9/19/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $1,200.00 price target on the stock.
  • 9/16/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $1,200.00 price target on the stock.
  • 9/12/2017 – Amazon.com had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $1,150.00 price target on the stock.
  • 9/12/2017 – Amazon.com is now covered by analysts at Loop Capital. They set a “buy” rating and a $1,200.00 price target on the stock. They wrote, “secret sauce,” Loop Capital Markets’ Anthony Chukumba commented in an initiation note. The analyst initiates coverage of Amazon’s stock with a Buy rating and $1,200 price target.Amazon has years of strong growth ahead because of its “secret sauce” — that is its Prime membership, Chukumba argued. The Prime membership program not only offers unlimited speedy delivery but the “myriad” of additional Prime benefits makes the program increasingly sticky for consumers. In addition, the strong growth seen in Prime membership allows Amazon to “no longer solely rely on being the low-price leader.”Aside from Prime, Amazon boasts another business segment with a similar growth profile, Chukumba continued. Amazon’s cloud business, called Amazon Web Services, stands to benefit from many years ahead of profit growth as it continues to win new companies looking to outsource their computing and storage needs. Even though Amazon’s AWS unit is a “first mover” in the space versus other cloud providers it continues to innovate and offer superior functionality.The case for owning Amazon’s stock can also be attributed to the company’s culture and management team, Chukumba also argued. At the forefront is its CEO and founder Jeff Bezos who leads with a “powerful — yet underestimated — competitive advantage.”Finally, Amazon’s free cash flow generation continues to show signs of improvements from the past few years which is especially important given Amazon’s reputation of overseeing “seemingly never ending investments.”
  • 9/11/2017 – Amazon.com was given a new $1,100.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 9/7/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $1,275.00 price target on the stock.
  • 9/6/2017 – Amazon.com is now covered by analysts at DA Davidson. They set a “buy” rating and a $1,300.00 price target on the stock. They wrote, “king of bricks AND clicks” earned the company additional support from Wall Street. D.A. Davidson’s Tom Forte initiates coverage of Amazon’s stock with a Buy rating and a 12–18-month $1,300 price target and a five-year out price target of $1,800.Now that Amazon officially operates a physical retail presence through the acquisition of grocery chain Whole Foods, it is well positioned to gain even more market share from the entire retail sector, Forte argued in his initiation note. The expansion into physical retail was necessary to continue disrupting the sector even more.Amazon’s new physical retail space when combined with its market-leading cloud unit called Amazon Web Services will help the company “sustain its profitable revenue growth” for the foreseeable future, the analyst added.In fact, Amazon’s M&A plans are expected to continue as the company is eyeing potential acquisitions of other grocery categories as well as apparel retailers and gas stations, the analyst suggested.Finally, the secret behind Amazon’s success is that it is able to empower other businesses to leverage its advancements in artificial intelligence and machine learning through AWS to “further separate its efforts from legacy retailers.”
  • 9/1/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $1,150.00 price target on the stock.
  • 8/31/2017 – Amazon.com had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/31/2017 – Amazon.com had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $1,100.00 price target on the stock.
  • 8/31/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $1,250.00 price target on the stock.
  • 8/30/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $1,100.00 price target on the stock.
  • 8/30/2017 – Amazon.com had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $1,275.00 price target on the stock.
  • 8/28/2017 – Amazon.com had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “We believe the banner has lost market share to other competitors in natural/Organics (Costco, KR, Trader Joe’s, among others). The 22% initial price adjustments in key items are material and help bridge the gap (see Exhibit 1 herein). We also expect AMZN to continue to roll out additional 365 banner locations in an effort to make WFM’s price points more accessible. Look for other synergies to be adopted quickly. WFM is running a special on Echo ($99.99) and Echo Dot ($44.99). We expect the rollout of lockers to stores in short order. The Company will also adopt Prime as the loyalty program for WFM. Over time, this will enable AMZN to better understand online and in-store purchase behavior. Amazon’s aggressive moves to use price is a bit of a strategy pivot. While price is a component of AMZN’s Prime offering, we think it has increasingly leaned on convenience and delivery speed as some of the primary value propositions. The move to aggressively use price is similar to the strategy used within the book category. In comparison, in areas like apparel, AMZN has actually moved to MAP pricing as it has attracted key vendors.””
  • 8/25/2017 – Amazon.com was given a new $1,150.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 8/25/2017 – Amazon.com had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $1,125.00 price target on the stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at 982.91 on Monday. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a 50-day moving average of $976.89 and a 200 day moving average of $970.89. The firm has a market cap of $472.17 billion, a P/E ratio of 249.98 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period last year, the firm earned $1.78 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post $3.63 EPS for the current year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the transaction, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at approximately $15,032,402.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the transaction, the chief executive officer now directly owns 81,479 shares of the company’s stock, valued at $80,348,071.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,083 shares of company stock valued at $8,874,850. 17.70% of the stock is owned by company insiders.

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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