Deutsche Bank analyst raised their price target on Amazon stock from $920 all the way up to $1,050, putting them ahead of most others now, it seems.
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AMZN has been the topic of several other reports.
Meanwhile, revenues of Amazon Web Services, Amazon’s cloud service division, surged 47 percent to $3.54 billion.
Amazon Studios’ TV series “Mozart in the Jungle” and “Transparent” each received multiple Golden Globe nominations this year, and “Manchester by the Sea”, a film the company acquired at last year’s Sundance Film Festival for $10 million, became the first movie from a streaming service to receive a Best Picture nomination at the Oscars.
For the Current Quarter, the growth estimate for Amazon.com, Inc.is 54.2%, while for the Next Quarter the stock growth estimate is 25.8%.
Amazon’s leadership are scheduled to give a more in depth insight to its performance over the last quarter, plus guidance on its priorities in the coming period in an earnings call later today.
CNBC and Barron’s reported that Evercore ISI’s Omar Saad and team cut seven of the eight retail stocks they cover to “hold” from “buy”, noting that the “softline wholesale channel must evolve or die”.
According to an update released by analysts at UBS Securities the broker has now set a “Buy” rating on shares of Amazon.com (NASDAQ:AMZN) with a price target of 930. Post opening the session at $839, the shares hit an intraday low of $829.44 and an intraday high of $839.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. The firm has a 50-day moving average price of $32.47 and a 200-day moving average price of $32.81. It closed Thursday’s trading session at $839.95, up almost 8 points, or 0.91%, on the Nas.
Headed into Amazon.com’s (NASDAQ:AMZN) fourth quarter, there was lots of uncertainty about what the e-commerce and cloud-computing company would report, particularly as it related to the company’s profitability.
Analysts are estimating first quarter EPS of $1.65 and revenues of $35.95 billion, compared with year-ago results of $1.07 in EPS and $29.13 billion in sales. “Part of the softness comes down to shipping related revenue, which grew by its slowest pace in over a year”. However, analysts were expecting about $44.7 billion for Amazon’s holiday quarter.
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43 analysts projected Price Targets for Amazon.com, Inc. The stock, however, dropped $33.04 or 3.95% in the after-hours trade.
Institutional investors have recently bought and sold shares of the company.
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Last quarter was rough for investors. Waverton Investment Management Ltd increased its stake in shares of Amazon.com by 28.4% in the third quarter. Insiders own 17.70% of the company’s stock. By comparison, Amazon’s North American e-commerce operating margin was 2.95 percent.
