Market Overview

Analysts Continue to Like Amazon After Earnings

Shares of Amazon (NASDAQ: AMZN) rallied early on Wednesday, up nearly 10 percent before pulling back somewhat. Despite missing analyst estimates, Amazon continued to add to its recent gains. Shares of Amazon are now up nearly 14 percent in the past 3 months.

The analyst community continues to like Amazon in the wake of the online retailer's earnings. Most of the major research houses reiterated buy ratings early Wednesday, nearly all increased their price targets.

  • Topeka raised its price target to $360 and reiterated its Buy rating.
  • Cantor Fitzgerald raised its price target to $300 and reiterated its Buy rating.
  • ISI International reiterated its Buy rating with a base case of $320.
  • Jefferies reiterated its Buy rating and raised its price target to $330 from $300.
  • Benchmark reiterated its Buy rating and raised its price target to $330.
  • Bank of America/Merrill Lynch reiterated its Buy rating and raised its Price Objective to $315
  • Deutsche Bank reiterated its Buy rating and raised its price target to $335.
  • JP Morgan raised its price target to $333 and reiterated its Overweight rating.
  • Goldman Sachs reiterated its Buy rating and raised its price target to $330.
  • Morgan Stanley reiterated its Overweight rating and $325 price target.
  • Canaccord reiterated its Hold rating but raised its price target to $300.
  • Citi reiterated its Buy rating and raised its price target to $300.
  • Piper Jaffray reiterated its Overweight rating and raised its price target to $329.
  • Oppenheimer reiterated its Outperform rating and raised its price target to $325.

Posted-In: Earnings News Price Target Reiteration Intraday Update Analyst Ratings Movers Trading Ideas Best of Benzinga

 

Related Articles (AMZN)

Around the Web, We're Loving...

Get Benzinga's Newsletters