Market Overview

Topeka Reasseses Amazon Estimates

Related AMZN
Amazon Web Services Makes Several Partner Announcements at re:Invent 2015
Going Shopping With Consumer Discretionary ETFs
Wall Street Breakfast: Crude Heads To The $50s (Seeking Alpha)

In a note published Friday, Topeka Capital Markets analyst Victor Anthony reassessed estimates on (NASDAQ: AMZN).

Topeka Capital Markets data on fourth quarter peak day sales over the past years suggests that Amazon is likely to report material upside to consensus revenue estimates in the 2013 fourth quarter. The analyst increased his revenue estimate for 4Q13 by 4% at the high-end of guidance and above consensus by 2%.

Anthony trimmed the CSOI margin estimate from 3.1% to 2.8% and raised the year end price target from $405 to $485. Topeka reported, “Amazon's valuation is supported by share gains in retail with benefits from Prime, growth of AWS, strength in digital media consumption devices, and a growing advertising opportunity.”

Shares of Amazon closed at $398.79 on Thursday.

Latest Ratings for AMZN

Sep 2015RBC CapitalMaintainsOutperform
Aug 2015Raymond JamesUpgradesOutperformStrong Buy
Aug 2015Evercore ISI UpgradesHoldBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Topeka Capital Markets Victor AnthonyAnalyst Color Analyst Ratings


Related Articles (AMZN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters