Market Overview

UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT on

Related AMZN
Victor Anthony Loves Social Stocks After Twitter Polls
2015 Black Friday: Record-Setter For Mobile Usage?
Holiday Shopping Starts As Target Apple Deals Do Well (Investor's Business Daily)

In a report published Wednesday, Goldman Sachs reiterated its Buy rating on (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.” closed on Tuesday at $260.35.

Latest Ratings for AMZN

Oct 2015AxiomMaintainsBuy
Oct 2015Canaccord GenuityMaintainsHold
Oct 2015BairdMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings


Related Articles (AMZN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters