A statement released earlier today by Maxim Group about Amazon.com (NASDAQ:AMZN) bumps the target price to $940.00
- Updated: September 29, 2016
Reporting a possible upside of 0.13%, Maxim Group upped the price target of Amazon.com (NASDAQ:AMZN) to $940.00
On 09/28/2016, Maxim Group released a statement for Amazon.com (NASDAQ:AMZN) bumped up the target price from $825.00 to $940.00 that suggested an upside of 0.15%.
Having a price of $829.24, Amazon.com (NASDAQ:AMZN) traded -0.32% lower on the day. The last stock price is up 17.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Amazon.com has recorded a 50-day average of $775.68 and a two hundred day average of $705.65. Volume of trade was up over the average, with 3,512,555 shares of AMZN changing hands over the typical 2,852,160
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Amazon.com has a 52 week low of $474.00 and a 52 week high of $837.50 with a P/E ratio of 205.44 The company’s market cap is currently $0.
In addition to Maxim Group reporting its target price, a total of 40 firms have reported on the stock. The consensus target price is $802.92 with 13 firms rating the stock a strong buy, 28 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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