Market Overview

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

Share:
Related AMZN
Can Box Survive A Microsoft Attack?
Deutsche Bank Analyst Sees FY15 Catalysts For Amazon.com
Week Ahead: Busy Economic Calender with FOMC, Earnings (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.

Latest Ratings for AMZN

DateFirmActionFromTo
Jan 2015OppenheimerMaintainsOutperform
Jan 2015BGC PartnersUpgradesHoldBuy
Jan 2015CitigroupUpgradesNeutralBuy

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

Benzinga Professional