Market Overview

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

Share:
Related AMZN
Chegg CEO: 'In Essence, We Re-IPOed The Company'
Amazon Hits New 52-Week High
Valuing The Adept Technology Narrative Demonstrates A Highly Speculative Situation (Seeking Alpha)

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.

Latest Ratings for AMZN

DateFirmActionFromTo
Feb 2015Piper JaffrayMaintainsOverweight
Jan 2015CitigroupMaintainsBuy
Jan 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMZN)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→