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ISI Group Reiterates Buy Rating on

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In a report published Wednesday, ISI Group reiterated its Buy rating on (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.” closed on Tuesday at $260.35.

Latest Ratings for AMZN

Oct 2016Credit SuisseMaintainsOutperform
Oct 2016SunTrust Robinson HumphreyMaintainsNeutral
Oct 2016Morgan StanleyMaintainsOverweight

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