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Baird: Lack Of Peak Day Data From Amazon A Concern

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Fed, OPEC, Disney, Oracle, Adobe Headline Investing Action Plan (Investor's Business Daily), Inc. (NASDAQ: AMZN) reported that 10 million new members tried Amazon Prime over the holidays.

Baird analyst Colin Sebastian felt that a lack of peak day data from Amazon was a concern. Sebastian saw e-commerce sales inline with Baird’s estimated growth of 13 percent to 14 percent.

Sebastian noted that early data pointed to Amazon, eBay Inc (NASDAQ: EBAY) and Google Inc (NASDAQ: GOOG) underperforming the broader online market.

The firm rated Amazon at Outperform and with a $340 price target.

Amazon recently traded at $309.34, up 2 percent.

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