UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Amazon.com

In a report published Wednesday, Jefferies reiterated its Buy rating on Amazon.com

, and raised its price target from $300.00 to $330.00. Jefferies noted, “Amazon reported top line and EPS that missed Street expectations but Op Income and CSOI margins came better than expected. This is now the 5th straight quarter Op Income has exceeded the high end of guidance, despite continuing investments in new products, geographies and customer experience. We reit our Buy and raise PT to $330 as we roll val'n 1 year forward.” Amazon.com closed on Tuesday at $260.35.