Market Overview

UPDATE: Canaccord Genuity Reiterates Hold Rating, Raises PT on Amazon.com

Related AMZN
Weekly Highlights: iPhone 6S Hype, 12-Inch MacBook Air And More
Baird: Lack Of Peak Day Data From Amazon A Concern
The Worst CEOs of 2014 (Fox Business)

In a report published Wednesday, Canaccord Genuity reiterated its Hold rating on Amazon.com (NASDAQ: AMZN), and raised its price target from $290.00 to $300.00.

Canaccord Genuity noted, “Amazon's Q4 showed continuation of existing trends – GMV/top-line momentum heavily influenced by the shift to 3P, which put pressure on revenue but contributed to very strong gross profit. We believe the stock's positive reaction in the face of guidance for weaker revenue and low operating margin signals that investors are highly focused on GMV and gross profit growth.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2014Piper JaffrayMaintainsOverweight
Nov 2014NomuraInitiates Coverage onBuy
Oct 2014Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

Around the Web, We're Loving...

Get Benzinga's Newsletters