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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Amazon.com

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In a report published Wednesday, Credit Suisse reiterated its Outperform rating on Amazon.com (NASDAQ: AMZN), and raised its price target from $301.00 to $334.00.

Credit Suisse noted, “After the close on January 30th, Amazon reported solid 4Q12 results. While revenue was modestly below our forecast, consolidated segment operating income (CSOI) of $678 million (up 47% year over year), beat our $568 million forecast (and was above the high end of guidance). Consequently, CSOI margin of 3.2% vs. 2.7% in 4Q11 was 70 bps above our 2.5% forecast, helped by continued upside in gross margin.”

Amazon.com closed on Tuesday at $260.35.

Latest Ratings for AMZN

DateFirmActionFromTo
Jul 2016Goldman SachsMaintainsBuy
Jun 2016Maxim GroupInitiates Coverage onBuy
Jun 2016KeyBancMaintainsOverweight

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Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

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