Amazon.com, Inc. (NASDAQ:AMZN) Upgraded, Made A New High

Amazon.com, Inc. (NASDAQ: AMZN) was upgraded to Outperform from Market perform by Bernstein Research analyst, Jeffrey Lindsay, at a price target of $160 from $125. The EPS is estimated to be $2.04 in 2009 and $3.07 in 2010.

Bernstein also expects AMZN revenue to grow at 41% for the fourth quarter of 2009 and 35% in 2010. The operating margin is also expected to be 5.3% in the fourth quarter and 5.4% for 2010.

Amazon.com, Inc. (NASDAQ: AMZN) is currently trading at $125.85, gaining 4.41% at a huge volume of 6.47 million shares. AMZN has made a new 52-week high at $126.98.