Market Overview

Baird: Lack Of Peak Day Data From Amazon A Concern

Related AMZN
3 Reasons This Analyst Is Positive On Juniper Networks
Upcoming Earnings: Verizon To Report Q4 Results Tomorrow Morning
Only One Sector Is Negative Since Trump Took Office: Telecom (Investor's Business Daily), 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.

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

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

Amazon recently traded at $309.34, up 2 percent.

Latest Ratings for AMZN

Jan 2018CitigroupMaintainsBuyBuy
Dec 2017Evercore ISI GroupInitiates Coverage OnOutperform
Dec 2017Moffett NathansonInitiates Coverage OnBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Amazon Prime Baird Colin SebastianAnalyst Color Analyst Ratings


Related Articles (AMZN + EBAY)

View Comments and Join the Discussion!