Market Overview

Piper Jaffray Reiterates Overweight Rating, $297 PT on

Related AMZN
Amazon Web Services Makes Several Partner Announcements at re:Invent 2015
Going Shopping With Consumer Discretionary ETFs
Retailers See New Things In Store For Online Shoppers (Investor's Business Daily)

In a report published Wednesday, Piper Jaffray & Co. reiterated its Overweight rating and $297.00 price target on (NASDAQ: AMZN).

Piper Jaffray noted, “Through the first 15 days of December, ChannelAdvisor Amazon sales were up 26% y/y, which compares to 44% and 42% in November and October. Quarter to date, Amazon is up an estimated 41%, a mild acceleration from 40% in the September quarter. We believe this indicates Dec-12 revenue in line with our model, which has North America revenue growing 27%, a deceleration from 33% in the September quarter.” closed on Tuesday at $253.86.

Latest Ratings for AMZN

Sep 2015RBC CapitalMaintainsOutperform
Aug 2015Raymond JamesUpgradesOutperformStrong Buy
Aug 2015Evercore ISI UpgradesHoldBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Piper Jaffray & Co.Analyst Color Reiteration Analyst Ratings


Related Articles (AMZN)

Get Benzinga's Newsletters