Market Overview

ISI Group Reiterates Buy Rating on Amazon.com

Share:
Related AMZN
AWS Announces Amazon Aurora Available to All Customers
Caution Continues In Options Market This Week
Tech Giants Focus On Profit (Investor's Business Daily)

In a report published Wednesday, ISI Group reiterated its Buy rating on Amazon.com (NASDAQ: AMZN).

ISI Group noted, “4Q EPS of $0.21 was below the Street's $0.28 and revenue growth decelerated to 22% (23% excl. FX). Yet operating margins increased 54bps YoY, driven by a 350bps increase in gross margins. Despite the deceleration in revenues, the improvement in gross margins pushed the stock higher after markets. The mid-point of the company's sales guidance for Q1 suggests a similar growth rate to Q4. Amazon is changing the way we shop, and already accounts for 2% share of U.S. retail sales. Mobile Commerce is accelerating eCommerce and AMZN is the clear way to invest in the trend.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Jul 2015BarclaysUpgradesEqual-weightOverweight
Jul 2015Morgan StanleyMaintainsOverweight
Jul 2015B. RileyUpgradesNeutralBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AMZN)

Get Benzinga's Newsletters