Oppenheimer Increases Amazon.com Price Target to $455.00 (AMZN)

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Analysts at Oppenheimer increased their target price on shares of Amazon.com (NASDAQ:AMZN) from $440.00 to $455.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 21.32% from the company’s current price.

Amazon.com (NASDAQ:AMZN) opened at 375.04 on Tuesday. 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 $363.7 and a 200-day moving average of $356.5. The company has a market cap of $172.2 billion and a price-to-earnings ratio of 633.46.

Amazon.com (NASDAQ:AMZN) last released its 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 $1.91 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, March 5th. Separately, analysts at Standpoint Research downgraded shares of Amazon.com from a “sell” rating to a “strong sell” rating in a research note on Monday, February 24th. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $415.41.

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

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