Barclays Capital Sets Amazon.com Price Target at $220.00 (AMZN)
Analysts at Barclays Capital (NYSE: BCS) upped their price target on shares of Amazon.com (NASDAQ: AMZN) from $180.00 to $220.00 in a research report issued to clients and investors on Friday. The firm currently has an “equal weight” rating on the stock.
AMZN has been the subject of a number of other recent research reports. Analysts at Citigroup (NYSE: C) raised their price target on shares of Amazon.com to $275.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Amazon.com in a research note to investors on Friday. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Friday.
Amazon.com opened at 226.85 on Friday. Amazon.com has a 52-week low of $166.97 and a 52-week high of $246.71. The company has a market cap of $103.2 billion and a price-to-earnings ratio of 165.58.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.28 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.07 EPS by $0.21. The company’s quarterly revenue was up 33.8% on a year-over-year basis. Analysts expect that Amazon.com will post $0.23 EPS next quarter.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.