Market Overview

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

Share:
Related AMZN
Amazon Plans To Launch 7th Fulfillment Center In Texas
Amazon's Follows Up Prime Day With A New Promotion: Discount Student Loans
Walt Disney and the Dividend Story (GuruFocus)

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
Jul 2016Goldman SachsMaintainsBuy
Jun 2016Maxim GroupInitiates Coverage onBuy
Jun 2016KeyBancMaintainsOverweight

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!