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Amazon (NASDAQ:AMZN) stock price target upped to $1,200.00, released a research note earlier today by Loop Capital

Reporting a potential upside of 0.22%, Loop Capital bumped up the target of Amazon (NASDAQ:AMZN) to $1,200.00

On 9/7/2017, DA Davidson released a statement on Amazon (NASDAQ:AMZN) bumped up the target price from $0.00 to $1,300.00 that suggested an upside of 0.34%.

Boasting a price of $982.58, Amazon (NASDAQ:AMZN) traded 0.37% higher on the day. With the last close up 4.17% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Amazon has recorded a 50-day average of $981.80 and a two hundred day average of $946.71. Volume of trade was down over the average, with 960,193 shares of AMZN changing hands under the typical 3,773,170

Performance Chart

Amazon (NASDAQ:AMZN)

With a total market value of $0, Amazon has 52 week low of $710.10 and a 52 week high of $1,083.31 with a P/E ratio of 250.81 .

In addition to Loop Capital 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 (NASDAQ:AMZN)

Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.

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