Market Overview

UPDATE: Bank of America Reiterates Buy Rating, Raises PT on Amazon.com

Share:
Related AMZN
Will Emmy Nominations (And Possible Awards) Boost Netflix?
Why China Isn't Killing Alibaba
Bull Market Isn't Over -- Facebook Leads 22 Buys: UBS (Investor's Business Daily)

In a report published Wednesday, Bank of America reiterated its Buy rating on Amazon.com (NASDAQ: AMZN), and raised its price target from $300.00 to $315.00.

Bank of America noted, “Amazon is an eCommerce leader with market share and margin potential stemming from its global scale, fulfillment footprint and technology platform investments. We think Amazon's focus on the customers and the buyer experience is right for the Internet, and we consider Amazon a transformational company. We think Amazon is well positioned to capitalize on the global growth of eCommerce and other secular trends such as cloud computing, online advertising, tablets, and mobile commerce.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Aug 2015Raymond JamesUpgradesOutperformStrong Buy
Aug 2015Evercore ISI UpgradesHoldBuy
Jul 2015Stifel NicolausUpgradesHoldBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters