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

Share on StockTwits

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.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Goldman Sachs Increases Centrica PLC Price Target to GBX 396
Goldman Sachs Increases Centrica PLC Price Target to GBX 396
Pennon Group plc Cut to “Sell” at Goldman Sachs
Pennon Group plc Cut to “Sell” at Goldman Sachs
Carnival plc Given Buy Rating at Deutsche Bank
Carnival plc Given Buy Rating at Deutsche Bank
BG Group plc Given Buy Rating at Deutsche Bank
BG Group plc Given Buy Rating at Deutsche Bank
Balfour Beatty plc Earns “Hold” Rating from Deutsche Bank
Balfour Beatty plc Earns “Hold” Rating from Deutsche Bank
Esure Group PLC Earns “Neutral” Rating from BNP Paribas
Esure Group PLC Earns “Neutral” Rating from BNP Paribas


Leave a Reply

 
© 2006-2014 Mideast Time.