Market Overview

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

Related AMZN
10 Tech Stocking Stuffers You Should Buy For Christmas
Expedia's CEO Welcomes Amazon's Rumored Entry Into The Online Travel Business
Tech Rewind: Uber Stirs Up the Pot ... Again (Fox Business)

In a report published Wednesday, Jefferies reiterated its Buy rating on Amazon.com (NASDAQ: AMZN), 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.

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2014NomuraInitiates Coverage onBuy
Oct 2014Morgan StanleyInitiates Coverage onOverweight
Oct 2014Monness Crespi HardtInitiates Coverage onNeutral

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

Around the Web, We're Loving...

Get Benzinga's Newsletters