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Maxim Group announced Amazon (NASDAQ:AMZN), boosting its stock price target to $1,000.00 today

In a report released on 4/20/2017 Maxim Group increased the stock price target of Amazon (NASDAQ:AMZN) from $940.00 to $1,000.00 reporting a possible upside of 0.11%.

Previously on 4/17/2017, Credit Suisse released a statement about Amazon (NASDAQ:AMZN) increased the target price from $900.00 to $1,050.00. At the time, this indicated a possible upside of 0.19%.

Just yesterday Amazon (NASDAQ:AMZN) traded -0.51% lower at $899.20. Amazon’s 50-day moving average is $868.27 and its 200-day moving average is $815.78. The last stock price is up 10.23% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 2,865,377 shares of AMZN traded hands, down from an average trading volume of 3,308,910

Recent Performance Chart

Amazon (NASDAQ:AMZN)

Amazon has 52 week low of $599.20 and a 52 week high of $923.72 with a PE ratio of 183.51 and has a market capitalization of $0.

In addition to Maxim Group reporting its stock price target, a total of 40 brokerages have issued a ratings update on the company. The average stock price target is $802.92 with 13 brokerages rating the stock a strong buy, 28 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The International segment primarily consists of retail sales of consumer products (including from sellers) and subscriptions through internationally-focused Websites, such as www.amazon.com.au, www.amazon.nl, www.amazon.es and www.amazon.co.uk. The AWS segment consists of sales of compute, storage, database, and other service offerings for start-ups, enterprises, government agencies and academic institutions. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It manufactures and sells electronic devices.

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