Amazon Reports 10 Million New Members Using Amazon Prime

Loading...
Loading...

Amazon.com, Inc. AMZN reported that 10 million new members tried Amazon Prime over the holidays.

Robert W. 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 to 14 percent.

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

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

Amazon.com, Inc. recently traded at $308.97, up 1.96 percent.

date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsColin SebastianRobert W. Baird
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...