Market Overview

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

Share:
Related AMZN
Is Microsoft Merely A Follower In The Cloud Market?
Angie's List At Risk From Amazon, Wunderlich Argues
Wall Street Breakfast: Euro Heads For Biggest Quarterly Fall On Record (Seeking Alpha)

In a report published Wednesday, Goldman Sachs reiterated its Buy rating on Amazon.com (NASDAQ: AMZN), and raised its price target from $315.00 to $330.00.

Goldman Sachs noted, “Amazon reported 4Q revenues of $21,268mn (+22.0% yoy vs. 26.9% in 3Q), just below the mid-point of guidance and GAAP EPS of $0.21 versus our estimates $0.32, though GAAP EPS would have been $0.40 were it not for a higher tax rate. Adjusted CSOI margin was 3.2% versus our forecast of 2.5%. While the slower rate of growth in paid units sold and NA EGM revenues are areas to watch, the improvement in margins and the potential that 2012 marked the low point for the current margin cycle outweighs that concern. With user growth, the potential in AWS, and the long term margin opportunity across all segments, we continue to believe Amazon remains one of the strongest secular growth stories in the space.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Mar 2015Wolfe ResearchUpgradesPeer PerformOutperform
Mar 2015AxiomInitiates Coverage onBuy
Mar 2015SunTrust Robinson HumphreyDowngradesBuyNeutral

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

Around the Web, We're Loving...