Baird: Lack Of Peak Day Data From Amazon A Concern
Amazon.com, 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.
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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