Amazon.com (NASDAQ:AMZN) price target increased to $1,000.00, issued a research note today by JP Morgan
- Updated: September 26, 2016
Stating a potential upside of 0.25%, JP Morgan upped the price target of Amazon.com (NASDAQ:AMZN) to $1,000.00
Previously on 9/23/2016, Mizuho Securities released a statement on Amazon.com (NASDAQ:AMZN) increased the target price from $855.00 to $950.00 that indicated a possible upside of 0.18%.
Only yesterday Amazon.com (NASDAQ:AMZN) traded -0.82% lower at $799.16. The company’s 50-day moving average is $772.53 and its 200-day moving average is $702.97. With the last stock price close up 13.68% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 2,672,972 shares of Amazon.com exchanged hands, down from an avg. volume of 2,873,490
Amazon.com has a PE ratio of 198.75 with a one year low of $474.00 and a one year high of $807.75 The company’s market cap is currently $0.
Also covering Amazon.com's target, a total of 40 brokerages have issued a ratings update on the stock. The consensus target price is $802.92 with 13 brokers rating the company a strong buy, twenty-eight firms rating the stock a buy, 4 analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally zero brokerages rating the company a sell.
General Information 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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