A statement released earlier today by RBC Capital about Amazon (NASDAQ:AMZN) bumps the target price to $1,000.00
- Updated: September 15, 2016
RBC Capital raised the estimated target of Amazon (NASDAQ:AMZN) to $1,000, indicating a possible upside of 0.30%.
Previously on 9/7/2016, Vetr Inc. reported about Amazon(NASDAQ:AMZN) bumped the target price from $0.00 to $834.78 that indicated a possible upside of 0.06%.
Yesterday Amazon (NASDAQ:AMZN) traded 1.13% higher at $769.69. Amazon’s 50-day moving average is $766.47 and its 200-day average is $689.87. The last stock price is up 11.57% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. 3,049,001 shares of the stock traded, up from ann average trading volume of 2,967,180.
See Graph Below:
Amazon has a P/E of 191 with a one-year low of $474.00 and a 52 week high of $790.79 and has a market cap of $0.0.
In addition to RBC Capital reporting it’s stock price target, a total of 40 brokers have reported on the stock. The 12-month target stock price is $802.92 with 13 firms rating the stock a strong buy, 28 firms rating the company a buy, four firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the company as 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, and which is an annual membership program.
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