Market Overview

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

Share:
Related AMZN
Amazon Reveals New 2016 Pilots For Audience Approval, Including Star-Studded 'Last Tycoon'
Grow Or Die In Dallas: Fintech And Banks Must Partner, Not Compete
Ulta Beauty Shines Amazon Armor As It Crushes Views, Ups Outlook (Investor's Business Daily)

In a report published Wednesday, Citigroup reiterated its Buy rating on Amazon.com (NASDAQ: AMZN), and raised its price target from $275.00 to $300.00.

Citigroup noted, “We rate the shares of Amazon.com Buy. Investment positives include: 1) AMZN provides broad exposure to online retail's strong secular growth; 2) AMZN has been a consistent market share gainer and we believe will continue to be so for the foreseeable future; 3) AMZN has significant international presence - 45% of its sales are outside North America; and 4) AMZN should have material margin expansion opportunity from the growth in high-margin third-party sales internationally.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
May 2016NomuraMaintainsBuy
Apr 2016AxiomMaintainsBuy
Apr 2016Goldman SachsMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!