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UPDATE: Cantor Fitzgerald Reiterates Buy Rating, Raises PT on

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In a report published Wednesday, Cantor Fitzgerald reiterated its Buy rating on (NASDAQ: AMZN), and raised its price target to $300.00.

Cantor Fitzgerald noted, “4Q revenues were (again) shy of expectations on faster growth in 3P and softer NA EGM business, but gross and operating margins showed better-than-expected leverage, an important development for Amazon, and one that may indicate the beginning of a trend, in our opinion. While Amazon is likely to continue to aggressively invest in growth, we view improving margins as a good development for the stock; we're maintaining a BUY rating and raising our PT to $300 for FY:13.” closed on Tuesday at $260.35.

Latest Ratings for AMZN

Oct 2016Goldman SachsMaintainsBuy
Oct 2016Credit SuisseMaintainsOutperform
Oct 2016Morgan StanleyMaintainsOverweight

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