Morgan Stanley disclosed Amazon (NASDAQ:AMZN), bumping its target to $950.00 today
- Updated: October 9, 2016
Yesterday Amazon (NASDAQ:AMZN) traded -0.26% lower at $834.03. The company’s 50-day moving average is $789.64 and its 200-day moving average is $718.27. The last closing price is up 16.87% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 2,426,228 shares of AMZN changing hands under the typical 2,892,690
In a report released on 10/05/2016 Morgan Stanley increased the stock price target of Amazon (NASDAQ:AMZN) from $800.00 to $950.00 indicating a possible upside of 0.14%.
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With a total market value of $0, Amazon has price-earnings ratio of 208.76 with a one year low of $474.00 and a one year high of $847.21 .
Also covering Amazon's price target, a total of 40 analysts have released a research note on the company. The average stock price target is $802.92 with 13 firms rating the stock a strong buy, 28 firms rating the company a buy, four brokerages rating the stock a hold, 0 analysts rating the company a underperform, and lastly 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'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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