Market Overview

UPDATE: Cantor Fitzgerald Reiterates Buy Rating, Raises PT on Amazon.com

Related AMZN
Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
IPO Lookout: Busy Week Brings The Biggest IPO Since Facebook
What Does Amazon's New Store Mean for 3D-Printing Technology? (Fox Business)

In a report published Wednesday, Cantor Fitzgerald reiterated its Buy rating on Amazon.com (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.”

Amazon.com closed on Tuesday at $260.35.

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (AMZN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters