Market Overview

UPDATE: Nomura Maintains Amazon at Buy; "Subscribe & Save" Outlook Promising

Share:
Related AMZN
End Of Yelp's Dual-Class Share Structure Could Provide Catalyst For Takeout
5 Biggest Price Target Changes For Monday
Netflix Subscriber Growth Will Be Tougher To Come By, UBS Says (Investor's Business Daily)

Nomura reiterated its Buy rating and $285 price target on Amazon (NASDAQ: AMZN).

Nomura commented, "We analyze AMZN's Subscribe & Save initiative giving users discounts on select items when they buy them automatically at regular intervals. The strategy has multiple benefits, increasing purchase frequency and AMZN‟s share of wallet, with potential to alter traditional offline shopping behavior and traffic flow, creating a further means to take share. The program now involves only 8 product categories, but Subscribe & Save SKUs steadily growing (up 9% past 2 months). As distribution efficiencies ramp, AMZN may ultimately make profits on heretofore unprofitable items. Drug stores and retailers like PetSmart may be at risk if AMZN‟s initiative develops well."

Amazon closed at $225.23 on Friday.

Latest Ratings for AMZN

DateFirmActionFromTo
Sep 2016Argus ResearchUpgradesHoldBuy
Aug 2016MKM PartnersMaintainsBuy
Jul 2016JP MorganMaintainsOverweight

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: NomuraAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!