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UPDATE: Topeka Capital Markets Reiterates Buy Rating, Raises PT on

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In a report published Wednesday, Topeka Capital Markets reiterated its Buy rating on (NASDAQ: AMZN), and raised its price target to $360.00.

Topeka Capital Markets noted, “We are reiterating our Buy rating on the shares of Amazon following the 4Q12 earnings report that supported our thesis that 2013/2014 will likely be margin expansion years for the Company. Amazon is experiencing a structural shift in its margin profile led by rising third party sales, growing digital content sales, leverage on shipping costs, and an increasing mix of advertising revenues. We continue to view the model as transformational driven by continued ecommerce share gains, AWS, and a mobile strategy driven by the Kindle devices. Amazon is a must-own stock for growth-focused portfolios. More detail in our report.” closed on Tuesday at $260.35.

Latest Ratings for AMZN

Oct 2016Goldman SachsMaintainsBuy
Oct 2016Credit SuisseMaintainsOutperform
Oct 2016SunTrust Robinson HumphreyMaintainsNeutral

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Posted-In: Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings


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