Benchmark Maintains Buy on Amazon.com

Benchmark is out with its report today on Amazon.com AMZN, maintaining Buy on AMZN. In its report, Benchmark writes, "Amazon's stock trades at 60x our 2012E EPS and 26x our 2012E OIBDA compared with our ecommerce peer group averages at 21x 2012E EPS and 11x 2012E OIBDA. Using a PEG ratio of 1.6x, or 64x our 2012E EPS of $4.00, our price target is $256 per share. We rate Amazon a Buy." At the time of posting, shares of AMZN were trading at $237.50, down 1.73% from Monday's close.