A statement released earlier today by Maxim Group about Amazon (NASDAQ:AMZN) ups the target price to $940.00
- Updated: October 2, 2016
Amazon (NASDAQ:AMZN) had its target price raised to $940.00 by Maxim Group in an issued report announced 9/28/2016. The latest stock price target implies a potential upside of 0.15% from the company's last stock price close.
On Tuesday September 27, 2016, JPMorgan released a statement for Amazon (NASDAQ:AMZN) bumped up the target price from $925.00 to $1,000.00 that suggested an upside of 0.25%.
Boasting a price of $816.11, Amazon (NASDAQ:AMZN) traded 1.00% higher on the day. With the last stock price close up 18.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Amazon has recorded a 50-day average of $779.29 and a two hundred day average of $708.41. Volume of trade was up over the average, with 4,430,566 shares of AMZN changing hands over the typical 2,905,510
With a total market value of $0, Amazon has price-earnings ratio of 208.23 with a one year low of $474.00 and a one year high of $839.95 .
A total of 40 equity analysts have released a ratings update on AMZN. Thirteen equity analysts rating the company a strong buy, twenty-eight equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $802.92.
Brief Synopsis About 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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