A statement released earlier today by JMP Securities about Amazon.com (NASDAQ:AMZN) bumps the target price to $950.00
- Updated: September 30, 2016
JMP Securities bumped up the target of Amazon.com (NASDAQ:AMZN) to $950.00 stating a potential upside of 0.13%.
On Thursday September 29, 2016, Maxim Group released a statement on Amazon.com (NASDAQ:AMZN) bumped up the target price from $825.00 to $940.00 that suggested an upside of 0.13%.
Boasting a price of $838.91, Amazon.com (NASDAQ:AMZN) traded 1.21% higher on the day. With the last close up 18.77% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Amazon.com has recorded a 50-day average of $777.40 and a two hundred day average of $706.53. Volume of trade was up over the average, with 3,245,729 shares of AMZN changing hands over the typical 2,880,570
With a total market value of $0, Amazon.com has price-earnings ratio of 208.68 with a one year low of $474.00 and a one year high of $839.95 .
A total of 40 analysts have released a research note on AMZN. Thirteen analysts rating the company a strong buy, twenty-eight analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $802.92.
More About Amazon.com (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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