Market Overview

Piper Jaffray Reiterates Overweight Rating, $297 PT on Amazon.com

Share:
Related AMZN
Entrepreneurs Got Their Groove Back In 2014
Broadcom Soars 20% Amid News Of Deal With Avago Technologies
WSJ: Amazon plans to significantly expand private-label offerings (Seeking Alpha)

In a report published Wednesday, Piper Jaffray & Co. reiterated its Overweight rating and $297.00 price target on Amazon.com (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.”

Amazon.com closed on Tuesday at $253.86.

Latest Ratings for AMZN

DateFirmActionFromTo
May 2015OppenheimerMaintainsOutperform
Apr 2015Argus ResearchDowngradesBuyHold
Apr 2015Janney CapitalUpgradesNeutralBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

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

 

Related Articles (AMZN)

Around the Web, We're Loving...