Skip to main content

Market Overview

Piper Jaffray Reiterates Overweight Rating on Amazon.com Following Content Survey

Share:

In a report published Monday, Piper Jaffray analyst Gene Munster reiterated an Overweight rating and $325.00 price target on Amazon.com (NASDAQ: AMZN).

In the report, Piper Jaffray noted, “The bottom line after our most recent content survey is that Amazon modestly closed the gap on Netflix following its recent deals (i.e. Viacom), but Netflix still maintains a significant content lead, especially in TV. Our survey indicates that Netflix has 14% (13% Jan-13) of the top 50 movies of the last 3 years, while Amazon has 11% share (9% Jan-13); however, among the top 75 TV shows, Netflix has 33% share (35% Jan-13), while Amazon has only 7% (flat). Going forward, we expect Amazon to pursue both exclusive content deals along with launching exclusive content, while we expect Netflix's focus to shift slightly towards exclusive content.”

Amazon.com closed on Friday at $273.36.

Latest Ratings for AMZN

DateFirmActionFromTo
Feb 2021CitigroupMaintainsBuy
Feb 2021UBSMaintainsBuy
Feb 2021BenchmarkMaintainsBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

 

Related Articles (AMZN)

View Comments and Join the Discussion!

Posted-In: Gene Munster Piper JaffrayAnalyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
PBTruist SecuritiesMaintains88.0
CFRTruist SecuritiesMaintains111.0
FANGTruist SecuritiesMaintains105.0
NPOOppenheimerMaintains95.0
SBNYCredit SuisseMaintains250.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com