Zacks Investment Research covered Amazon.com, Inc. (NASDAQ:AMZN), hiking its target to $968.00 earlier today
- Updated: October 7, 2016
In a statement issued on 10/07/2016 Zacks Investment Research raised the target price of Amazon.com, Inc. (NASDAQ:AMZN) to $968.00 indicating a possible upside of 0.15%.
Previously on 10/05/2016, Morgan Stanley released a statement about Amazon.com, Inc. (NASDAQ:AMZN) raised the target price from $800.00 to $950.00. At the time, this suggested an upside of 0.14%.
Having a price of $842.24, Amazon.com, Inc. (NASDAQ:AMZN) traded -0.26% lower on the day. The last stock close price is up 16.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Amazon.com, Inc. has recorded a 50-day average of $789.64 and a two hundred day moving average of $718.27. 2,426,228 shares of the stock were exchanged, down from an average trading volume of 2,892,690
Amazon.com, Inc. has a P/E ratio of 208.76 with a one year low of $474.00 and a one year high of $847.21 AMZN’s market capitalization is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 40 firms have released a report on Amazon.com, Inc.. The 12-month price target is $802.92 with 13 brokerages rating the stock a strong buy, 28 firms rating the stock a buy, 4 brokers rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell.
Brief Synopsis On Amazon.com, Inc. (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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