Amazon (AMZN) Bullish View Reiterated at Mizuho Despite Op Margin Pressure

October 28, 2016 7:55 AM EDT
Get Alerts AMZN Hot Sheet
Price: $808.33 -0.09%

Rating Summary:
    46 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Mizuho Securities analyst Neil Doshi reiterated a Buy rating and $920 price target on (NASDAQ: AMZN)

The analyst commented, "Amazon may have just kissed op margin expansion good bye for the rest of this year and possibly for next year, as it is plowing investments into key growth areas with Fulfillment centers, India and Content (original video), as well as Alexa/Echo, and same-day/next day shipping. While this does put some pressure on op margins in 4Q and potentially in 2017, we believe that this should create more flywheels and drive higher margin business over time. We reiterate our Buy rating on AMZN shares."

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $818.36 yesterday.

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