Market Overview

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

Share:
Related AMZN
US Stock Futures Down Ahead Of ADP, Beige Book
Amazon.com Enters Agreement With 1PG to Utilize 1-Page Sourcing and Referral Engine
Will 3D Printing be the Key to Speedy Amazon Delivery? - Analyst Blog (Zacks)

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
Mar 2015BairdMaintainsOutperform
Feb 2015Piper JaffrayMaintainsOverweight
Jan 2015CitigroupMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

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

 

Related Articles (AMZN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content