Benchmark Co. Gives Buy Rating to Amazon.com (AMZN)
Amazon.com (NASDAQ: AMZN)‘s stock had its “buy” rating reaffirmed by Benchmark Co. in a research note issued on Friday.
A number of other firms have also recently commented on AMZN. Analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $285.00 price target on the stock, up previously from $235.00. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Amazon.com from $210.00 to $250.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Amazon.com from $210.00 to $230.00 in a research note to investors on Friday.
Shares of Amazon.com traded up 2.60% during mid-day trading on Friday, hitting $232.74. 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 $105.9 billion and a P/E 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. On average, analysts predict that Amazon.com will post $0.23 earnings per share next quarter.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.