A report released earlier today by SunTrust about Amazon (NASDAQ:AMZN) raises the target price to $850.00
- Updated: October 4, 2016
In a statement issued on 10/5/2016 SunTrust upped the target of Amazon (NASDAQ:AMZN) from $800.00 to $850.00 reporting a possible upside of 0.02%.
Having a price of $834.03, Amazon (NASDAQ:AMZN) traded 0.50% higher on the day. The last stock close price is up 17.33% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Amazon has recorded a 50-day moving average of $783.00 and a 200-day moving average of $714.39. 297,716 shares of the stock were exchanged, down from an avg. volume of 2,904,090
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With a total market value of $0, Amazon has 52 week low of $474.00 and a 52 week high of $842.37 with a P/E ratio of 208.45 .
In addition to SunTrust reporting its stock price target, a total of 40 brokerages have issued a research note on the stock. The consensus target price is $802.92 with thirteen equity analysts rating the company a strong buy, twenty-eight brokerages rating the company a buy, 4 firms rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 firms rating the company a sell.
Brief Synopsis On Amazon (NASDAQ:AMZN)
Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS). The Company's North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company's International segment includes export sales from its internationally focused Websites, including export sales from its sites to customers in the United States, Mexico and Canada. The Company's AWS segment focuses on the sales of compute, storage, database and other AWS service offerings for start-ups, enterprises, government agencies and academic institutions. The Company offers Amazon Prime, which is an annual membership program.
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