Market Overview

Piper Jaffray Reiterates Overweight Rating, $329 PT on Amazon.com

Share:
Related AMZN
Which Streaming Providers Are Winning The Content War?
Netflix User Growth Analysis Lends Positive Expectations For Wednesday Earnings Report
Oclaro Revenue Speeds Up Fiber Optic Stocks On 100G Demand (Investor's Business Daily)

In a report published Wednesday, Piper Jaffray reiterated its Overweight rating and $329.00 price target on Amazon.com (NASDAQ: AMZN).

Piper Jaffray noted, “Amazon reported Dec-12 revenue of $21.3B, 5% below the Street, while CSOI was $678m ahead of the Street's $493m. CSOI margin of 3.2% marked the first y/y increase as a percentage of revenue since Mar-10. Despite the revenue miss, the bottom line is that eCommerce growth remains an undeniable trend (~7% of retail is online in the US, potentially growing to 30% over the next 10-20 years), and the y/y CSOI improvement offers optimism that more substantial margin improvement will be realized down the road. We are maintaining our Overweight rating and $329 price target.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Nov 2016CitigroupMaintainsBuy
Nov 2016CitigroupMaintainsBuy
Nov 2016Axiom CapitalMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!